Montage Gold Corp. (CVE:MAU) Receives C$4.02 Consensus PT from Analysts

Montage Gold Corp. (CVE:MAU) has earned a consensus rating of “Buy” from the seven research firms that are currently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a buy rating and three have issued a strong buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$4.02.

Several research analysts have recently issued reports on MAU shares. Stifel Nicolaus set a C$4.60 price objective on shares of Montage Gold and gave the company a “buy” rating in a report on Wednesday, March 19th. Cormark upped 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, March 25th. Raymond James boosted their price target on shares of Montage Gold from C$3.50 to C$4.75 in a research report on Friday, April 4th. National Bank Financial upgraded shares of Montage Gold to a “strong-buy” rating in a research report on Friday, March 21st. Finally, Stifel Canada upgraded shares of Montage Gold to a “strong-buy” rating in a report on Wednesday, March 19th.

Montage Gold Price Performance

Shares of MAU opened at C$3.75 on Tuesday. The firm has a market capitalization of C$1.32 billion, a price-to-earnings ratio of -26.68 and a beta of 1.55. The stock’s fifty day moving average is C$2.81 and its 200-day moving average is C$2.41. Montage Gold has a one year low of C$1.19 and a one year high of C$3.92. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.36 and a current ratio of 26.33.

Insiders Place Their Bets

In other news, Director David Field sold 93,100 shares of the stock in a transaction on Friday, April 4th. The stock was sold at an average price of C$3.03, for a total value of C$282,093.00. Corporate insiders own 34.16% of the company’s stock.

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.