Montage Gold Corp. (CVE:MAU) Given Consensus Rating of “Buy” by Brokerages

Montage Gold Corp. (CVE:MAU) has received a consensus recommendation of “Buy” from the seven analysts that are presently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$3.27.

A number of brokerages have recently issued reports on MAU. Raymond James lifted their target price on Montage Gold from C$1.65 to C$2.75 in a research report on Thursday, August 15th. Stifel Nicolaus increased their price objective on shares of Montage Gold from C$3.20 to C$4.85 in a research note on Wednesday, October 30th. BMO Capital Markets upped their price objective on Montage Gold from C$3.00 to C$3.75 in a research note on Friday, October 25th. Ventum Cap Mkts upgraded Montage Gold to a “strong-buy” rating in a research note on Friday, September 27th. Finally, Cormark boosted their target price on shares of Montage Gold from C$2.00 to C$2.50 in a research note on Thursday, August 15th.

Montage Gold Stock Performance

Montage Gold stock opened at C$2.19 on Friday. Montage Gold has a 12-month low of C$0.65 and a 12-month high of C$2.61. The company has a debt-to-equity ratio of 1.11, a current ratio of 5.75 and a quick ratio of 0.36. The company has a market capitalization of C$754.63 million, a price-to-earnings ratio of -14.67 and a beta of 1.55. The firm’s fifty day moving average price is C$2.15 and its 200 day moving average price is C$1.80.

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.