Raymond James Boosts Montage Gold (CVE:MAU) Price Target to C$1.65

Montage Gold (CVE:MAU) had its price target raised by equities researchers at Raymond James from C$1.50 to C$1.65 in a note issued to investors on Tuesday, BayStreet.CA reports. Raymond James’ price target points to a potential upside of 36.36% from the stock’s current price.

MAU has been the subject of a number of other research reports. Stifel Canada reissued a “buy” rating on shares of Montage Gold in a research report on Thursday, February 1st. Stifel Nicolaus raised their price target on shares of Montage Gold from C$1.50 to C$1.75 in a research report on Friday.

Montage Gold Price Performance

Shares of MAU stock remained flat at C$1.21 during mid-day trading on Tuesday. 78,270 shares of the stock were exchanged, compared to its average volume of 183,723. Montage Gold has a twelve month low of C$0.51 and a twelve month high of C$1.41. The company has a market capitalization of C$284.71 million, a P/E ratio of -11.00 and a beta of 1.09. The company has a fifty day moving average price of C$1.07 and a 200 day moving average price of C$0.81.

Insiders Place Their Bets

In other Montage Gold news, Senior Officer Kevin John Ross sold 168,000 shares of Montage Gold stock in a transaction on Friday, March 1st. The shares were sold at an average price of C$0.83, for a total value of C$139,440.00. 49.83% of the stock is currently owned by corporate insiders.

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.