Montage Gold (TSE:MAU) Given New C$18.00 Price Target at Canaccord Genuity Group

Montage Gold (TSE:MAU) had its price target increased by equities researchers at Canaccord Genuity Group from C$16.00 to C$18.00 in a report released on Friday,BayStreet.CA reports. The firm currently has a “speculative buy” rating on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 20.32% from the stock’s previous close.

MAU has been the subject of a number of other reports. National Bank Financial increased their price target on Montage Gold from C$19.00 to C$20.00 in a report on Friday. Scotiabank increased their price objective on shares of Montage Gold from C$10.00 to C$15.00 in a research report on Monday, January 26th. ATB Cormark Capital Markets increased their price objective on shares of Montage Gold from C$16.50 to C$18.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 1st. Stifel Nicolaus increased their price objective on shares of Montage Gold from C$16.00 to C$18.00 and gave the stock a “buy” rating in a research report on Wednesday, April 15th. Finally, BMO Capital Markets increased 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. Eleven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$14.25.

Montage Gold Stock Down 7.9%

Montage Gold stock traded down C$1.29 during trading hours on Friday, reaching C$14.96. 388,342 shares of the company’s stock were exchanged, compared to its average volume of 1,223,945. The company has a debt-to-equity ratio of 0.31, a current ratio of 8.43 and a quick ratio of 0.36. The stock’s 50 day moving average price is C$14.87. Montage Gold has a twelve month low of C$3.74 and a twelve month high of C$17.30. The firm has a market cap of C$6.03 billion, a price-to-earnings ratio of -106.86 and a beta of 2.39.

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.