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 Montage Gold 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 Price Performance

Shares of Montage Gold stock traded up C$0.11 during trading on Monday, hitting C$3.13. The stock had a trading volume of 379,964 shares, compared to its average volume of 251,859. The company has a current ratio of 26.33, a quick ratio of 0.36 and a debt-to-equity ratio of 0.30. Montage Gold Corp. has a 12 month low of C$1.19 and a 12 month high of C$3.28. The firm has a market cap of C$1.10 billion, a price-to-earnings ratio of -22.27 and a beta of 1.55. The business’s 50-day moving average is C$2.54 and its 200 day moving average is C$2.29.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on MAU. Stifel Nicolaus set a C$4.60 price objective on Montage Gold and gave the stock a “buy” rating in a report on Wednesday, March 19th. Stifel Canada upgraded shares of Montage Gold to a “strong-buy” rating in a research note on Wednesday, March 19th. Raymond James increased their target price on Montage Gold from C$3.50 to C$4.75 in a research report on Friday. National Bank Financial upgraded Montage Gold to a “strong-buy” rating in a research report on Friday, March 21st. Finally, Cormark increased their price objective on Montage Gold from C$3.00 to C$4.50 and gave the stock a “buy” rating in a report on Tuesday, March 25th. Four research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$4.02.

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.