David Field Sells 93,100 Shares of Montage Gold Corp. (CVE:MAU) Stock

Montage Gold Corp. (CVE:MAU) Director David Field sold 93,100 shares of the company’s stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of C$3.03, for a total transaction of C$282,093.00.

Montage Gold Stock Performance

CVE:MAU opened at C$3.01 on Wednesday. The company has a market cap of C$1.06 billion, a price-to-earnings ratio of -21.42 and a beta of 1.55. Montage Gold Corp. has a 1 year low of C$1.19 and a 1 year high of C$3.28. The stock’s 50 day simple moving average is C$2.59 and its two-hundred day simple moving average is C$2.32. The company has a debt-to-equity ratio of 0.30, a current ratio of 26.33 and a quick ratio of 0.36.

Wall Street Analysts Forecast Growth

MAU has been the topic of a number of analyst reports. Stifel Nicolaus set a C$4.60 target price on shares of Montage Gold and gave the company a “buy” rating in a research note on Wednesday, March 19th. National Bank Financial raised Montage Gold to a “strong-buy” rating in a research note on Friday, March 21st. Stifel Canada raised Montage Gold to a “strong-buy” rating in a research note on Wednesday, March 19th. Cormark upped their price target on Montage Gold from C$3.00 to C$4.50 and gave the stock a “buy” rating in a research note on Tuesday, March 25th. Finally, Raymond James lifted their price objective on shares of Montage Gold from C$3.50 to C$4.75 in a research report on Friday, April 4th. Four research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$4.02.

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.