Montage Gold Corp. (CVE:MAU) Receives Consensus Rating of “Buy” from Analysts

Shares of Montage Gold Corp. (CVE:MAU) have been given an average rating of “Buy” by the seven brokerages that are presently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a buy recommendation and three have assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$3.62.

MAU has been the subject of several analyst reports. Cormark boosted their price objective on Montage Gold from C$3.00 to C$4.50 and gave the company a “buy” rating in a report on Tuesday. National Bank Financial upgraded Montage Gold to a “strong-buy” rating in a research report on Friday, March 21st. Stifel Canada raised shares of Montage Gold to a “strong-buy” rating in a report on Wednesday, March 19th. Finally, Stifel Nicolaus set a C$4.60 price objective on shares of Montage Gold and gave the stock a “buy” rating in a research report on Wednesday, March 19th.

Montage Gold Stock Up 5.9 %

MAU stock opened at C$3.16 on Friday. Montage Gold has a 12 month low of C$1.18 and a 12 month high of C$3.19. The company has a debt-to-equity ratio of 0.30, a current ratio of 26.33 and a quick ratio of 0.36. The company has a market capitalization of C$1.12 billion, a P/E ratio of -22.49 and a beta of 1.55. The firm’s fifty day simple moving average is C$2.39 and its 200-day simple moving average is C$2.22.

About Montage Gold

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.