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

Shares of Montage Gold Corp. (CVE:MAU) have received a consensus recommendation of “Buy” from the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$3.22.

Several equities analysts have issued reports on MAU shares. Ventum Cap Mkts upgraded Montage Gold to a “strong-buy” rating in a research report on Friday, September 27th. BMO Capital Markets lifted their price target on Montage Gold from C$3.00 to C$3.75 in a report on Friday, October 25th. Finally, Stifel Nicolaus reduced their price target on shares of Montage Gold from C$4.85 to C$4.60 in a research report on Monday, December 23rd.

Montage Gold Stock Performance

CVE:MAU opened at C$2.16 on Friday. The stock has a market capitalization of C$744.29 million, a P/E ratio of -14.40 and a beta of 1.55. The company has a current ratio of 5.75, a quick ratio of 0.36 and a debt-to-equity ratio of 1.11. Montage Gold has a 1 year low of C$0.65 and a 1 year high of C$2.61. The firm has a 50 day moving average of C$2.19 and a 200-day moving average of C$1.96.

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.