Montage Gold Corp. (TSE:MAU) Receives C$14.62 Average PT from Brokerages

Shares of Montage Gold Corp. (TSE:MAU – Get Free Report) have earned an average recommendation of “Buy” from the eleven brokerages that are currently covering the stock, Marketbeat.com reports. Eleven equities research analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$14.62.

MAU has been the topic of several research analyst reports. BMO Capital Markets upped their price objective on shares of Montage Gold from C$20.00 to C$22.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. Scotiabank increased their price target on shares of Montage Gold from C$18.50 to C$19.00 and gave the stock a “sector outperform” rating in a report on Monday, June 22nd. National Bank Financial lifted their price objective on shares of Montage Gold from C$19.00 to C$20.00 in a report on Friday, May 15th. Stifel Nicolaus increased their target price on Montage Gold from C$16.00 to C$18.00 and gave the company a “buy” rating in a research note on Wednesday, April 15th. Finally, ATB Cormark Capital Markets upped 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.

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Montage Gold Stock Down 3.3%

Shares of TSE MAU opened at C$16.62 on Wednesday. The company has a quick ratio of 0.35, a current ratio of 8.43 and a debt-to-equity ratio of 0.31. The company has a market cap of C$6.70 billion, a P/E ratio of -87.47 and a beta of 2.27. Montage Gold has a 52 week low of C$4.26 and a 52 week high of C$17.60. The business has a 50-day simple moving average of C$15.30 and a two-hundred day simple moving average of C$13.48.

Montage Gold (TSE:MAU – Get Free Report) last issued its quarterly earnings data on Thursday, May 14th. The company reported C($0.03) earnings per share (EPS) for the quarter. Research analysts anticipate that Montage Gold will post -0.04 earnings per share for the current fiscal year.

About Montage Gold

(Get Free Report)

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.

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