Montage Gold (CVE:MAU) Shares Up 1.6% – Here’s Why

Montage Gold Corp. (CVE:MAU)’s share price was up 1.6% on Thursday . The stock traded as high as C$3.72 and last traded at C$3.70. Approximately 180,469 shares changed hands during trading, a decline of 41% from the average daily volume of 306,976 shares. The stock had previously closed at C$3.64.

Analysts Set New Price Targets

Several analysts have weighed in on MAU shares. Stifel Nicolaus lifted their target price on Montage Gold from C$4.60 to C$5.00 in a research note on Monday, April 21st. Ventum Cap Mkts raised Montage Gold to a “strong-buy” rating in a research note on Thursday, May 1st. Finally, Ventum Financial lifted their target price on Montage Gold from C$4.90 to C$5.25 and gave the company a “buy” rating in a research note on Friday, May 2nd. Four research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$4.65.

Montage Gold Stock Performance

The company has a current ratio of 26.33, a quick ratio of 0.36 and a debt-to-equity ratio of 0.30. The company’s 50-day moving average price is C$3.70 and its two-hundred day moving average price is C$3.29. The company has a market cap of C$1.31 billion, a P/E ratio of -26.33 and a beta of 1.55.

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.