Montage Gold (CVE:MAU) Price Target Increased to C$1.75 by Analysts at Stifel Nicolaus

Montage Gold (CVE:MAU) had its price target hoisted by Stifel Nicolaus from C$1.50 to C$1.75 in a research note released on Friday, BayStreet.CA reports.

Several other research analysts have also recently issued reports on MAU. Raymond James upped their price target on Montage Gold from C$1.25 to C$1.50 in a report on Wednesday, March 6th. Stifel Canada reiterated a buy rating on shares of Montage Gold in a research report on Thursday, February 1st.

Montage Gold Stock Performance

CVE MAU opened at C$1.24 on Friday. The stock has a market capitalization of C$291.77 million, a P/E ratio of -11.27 and a beta of 1.09. Montage Gold has a 1 year low of C$0.51 and a 1 year high of C$1.41. The business’s fifty day moving average is C$1.06 and its two-hundred day moving average is C$0.80.

Insiders Place Their Bets

In other Montage Gold news, Senior Officer Kevin John Ross sold 168,000 shares of Montage Gold stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of C$0.83, for a total transaction of C$139,440.00. Corporate insiders own 49.83% of the company’s stock.

Montage Gold Company Profile

Montage Gold Corp., a precious metals exploration and development company, engages in the exploration and development of mineral properties. Its flagship property is the Koné Gold Project covering an area of 2,259 square kilometers located in the Côte d'Ivoire, West Africa. The company was incorporated in 2019 and is headquartered in Vancouver, Canada.