Stifel Nicolaus Forecasts Strong Price Appreciation for Montage Gold (CVE:MAU) Stock

Montage Gold (CVE:MAU) had its target price increased by research analysts at Stifel Nicolaus from C$9.00 to C$9.25 in a research note issued to investors on Monday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 150.00% from the stock’s previous close.

A number of other analysts have also commented on the company. Scotiabank set a C$6.25 target price on shares of Montage Gold and gave the company an “outperform” rating in a research report on Thursday, September 4th. Canaccord Genuity Group lifted their price objective on Montage Gold from C$8.00 to C$9.00 in a research note on Tuesday, November 18th. Beacon Securities increased their target price on Montage Gold from C$6.00 to C$7.80 and gave the company a “buy” rating in a research note on Tuesday, September 23rd. SCP Equity Research raised their target price 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. Finally, National Bankshares upped their price target on Montage Gold from C$8.00 to C$8.75 and gave the company an “outperform” rating in a research note on Wednesday, October 8th. Three analysts have rated the stock with a Strong Buy rating and eight have given a Buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of C$7.73.

Montage Gold Price Performance

MAU traded up C$0.06 during midday trading on Monday, hitting C$3.70. The company had a trading volume of 180,469 shares, compared to its average volume of 306,976. Montage Gold has a twelve month low of C$1.24 and a twelve month high of C$3.92. The company has a market capitalization of C$1.31 billion, a PE ratio of -26.33 and a beta of 1.55. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.36 and a current ratio of 26.33. The firm’s 50-day simple moving average is C$3.70 and its 200-day simple moving average is C$3.70.

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.