Brokerages Set Montage Gold Corp. (CVE:MAU) PT at C$6.23

Montage Gold Corp. (CVE:MAU) has been given an average rating of “Buy” by the eleven research firms that are presently covering the company, Marketbeat reports. Eight analysts have rated the stock with a buy recommendation and three have given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is C$6.51.

MAU has been the subject of several research reports. National Bankshares raised their price objective on shares of Montage Gold from C$8.00 to C$8.75 and gave the stock an “outperform” rating in a research report on Wednesday, October 8th. SCP Equity Research lifted their price target on Montage Gold from C$6.50 to C$8.75 and gave the stock a “buy” rating in a report on Tuesday, October 7th. Beacon Securities lifted their price target on Montage Gold from C$6.00 to C$7.80 and gave the stock a “buy” rating in a report on Tuesday, September 23rd. Canaccord Genuity Group set a C$7.50 target price on Montage Gold and gave the stock a “speculative buy” rating in a report on Friday, September 12th. Finally, Scotiabank set a C$6.25 target price on Montage Gold and gave the stock an “outperform” rating in a report on Thursday, September 4th.

Montage Gold Trading Up 1.6%

Shares of Montage Gold stock opened at C$3.70 on Friday. The business has a fifty day simple moving average of C$3.70 and a two-hundred day simple moving average of C$3.70. The company has a debt-to-equity ratio of 0.30, a current ratio of 26.33 and a quick ratio of 0.36. The company has a market capitalization of C$1.31 billion, a price-to-earnings ratio of -26.33 and a beta of 1.55. Montage Gold has a 1 year low of C$1.24 and a 1 year high of C$3.92.

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.