Raymond James Increases Montage Gold (CVE:MAU) Price Target to C$4.75

Montage Gold (CVE:MAU) had its price target upped by equities researchers at Raymond James from C$3.50 to C$4.75 in a report released on Friday,BayStreet.CA reports. Raymond James’ target price suggests a potential upside of 57.28% from the stock’s previous close.

MAU has been the topic of several other research reports. National Bank Financial upgraded shares of Montage Gold to a “strong-buy” rating in a research note on Friday, March 21st. Stifel Canada upgraded shares of Montage Gold to a “strong-buy” rating in a research note on Wednesday, March 19th. Stifel Nicolaus set a C$4.60 target price on shares of Montage Gold and gave the stock a “buy” rating in a research report on Wednesday, March 19th. Finally, Cormark upped their price target on Montage Gold from C$3.00 to C$4.50 and gave the company a “buy” rating in a report on Tuesday, March 25th. Four analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$4.02.

Montage Gold Trading Down 5.9 %

Shares of CVE MAU opened at C$3.02 on Friday. The stock has a market cap of C$1.07 billion, a price-to-earnings ratio of -21.49 and a beta of 1.55. The business has a 50 day simple moving average of C$2.54 and a 200 day simple moving average of C$2.29. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.36 and a current ratio of 26.33. Montage Gold has a 52 week low of C$1.19 and a 52 week high of C$3.28.

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.