Montage Gold (CVE:MAU) Price Target Raised to C$16.00

Montage Gold (CVE:MAU) had its price objective boosted by Canaccord Genuity Group from C$11.00 to C$16.00 in a research note published on Thursday morning,BayStreet.CA reports. They currently have a speculative buy rating on the stock.

Several other research analysts have also recently issued reports on the company. Raymond James Financial upped their price objective on Montage Gold from C$7.50 to C$9.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 26th. Ventum Financial raised their target price on Montage Gold from C$8.00 to C$9.75 and gave the stock a “buy” rating in a research report on Monday, December 1st. BMO Capital Markets boosted their target price on Montage Gold from C$10.00 to C$20.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 28th. National Bank Financial upped their price target on Montage Gold from C$8.75 to C$9.50 and gave the company an “outperform” rating in a report on Wednesday, November 26th. Finally, Scotiabank increased their price target on shares of Montage Gold from C$10.00 to C$15.00 in a research note on Monday, January 26th. Ten research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Montage Gold presently has a consensus rating of “Buy” and an average target price of C$11.91.

Montage Gold Stock Performance

Shares of MAU stock opened at C$3.70 on Thursday. The company has a market cap of C$1.31 billion, a P/E ratio of -26.33 and a beta of 1.55. The firm has a fifty day moving average price of C$3.70 and a 200 day moving average price of C$3.70. The company has a current ratio of 8.43, a quick ratio of 0.36 and a debt-to-equity ratio of 0.31. Montage Gold has a 12 month low of C$1.24 and a 12 month high of C$3.92.

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.