Montage Gold (CVE:MAU) Given New C$19.00 Price Target at National Bank Financial

Montage Gold (CVE:MAU) had its target price hoisted by National Bank Financial from C$16.00 to C$19.00 in a research report sent to investors on Friday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other equities analysts have also commented on the company. Cormark increased their target price on Montage Gold from C$9.75 to C$10.50 and gave the company a “buy” rating in a report on Thursday, December 18th. BMO Capital Markets increased their target price on Montage Gold from C$10.00 to C$20.00 and gave the company an “outperform” rating in a report on Wednesday, January 28th. ATB Cormark Capital Markets raised their price objective on Montage Gold from C$16.50 to C$18.00 and gave the stock an “outperform” rating in a report on Wednesday, April 1st. Stifel Nicolaus raised their price objective on Montage Gold from C$16.00 to C$18.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Scotiabank raised their price objective on Montage Gold from C$10.00 to C$15.00 in a report on Monday, January 26th. Eleven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$13.80.

Montage Gold Stock Performance

CVE:MAU opened at C$3.70 on Friday. The firm has a market capitalization of C$1.31 billion, a PE ratio of -26.33 and a beta of 1.55. The business’s fifty day moving average price is C$3.70 and its 200 day moving average price is C$3.70. The company has a debt-to-equity ratio of 0.31, a current ratio of 8.43 and a quick ratio of 0.36. Montage Gold has a 12 month low of C$1.24 and a 12 month 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.