Montage Gold (TSE:MAU) Price Target Raised to C$20.00

Montage Gold (TSE:MAU) had its price objective lifted by analysts at National Bank Financial from C$19.00 to C$20.00 in a note issued to investors on Friday,BayStreet.CA reports. National Bank Financial’s target price indicates a potential upside of 32.45% from the stock’s previous close.

Several other equities research analysts also recently weighed in on MAU. ATB Cormark Capital Markets lifted their price target on shares of Montage Gold from C$16.50 to C$18.00 and gave the company an “outperform” rating in a research note on Wednesday, April 1st. BMO Capital Markets lifted their price target on shares of Montage Gold from C$20.00 to C$22.00 and gave the company an “outperform” rating in a research note on Friday. Stifel Nicolaus lifted their price target on shares of 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. Scotiabank lifted their price target on shares of Montage Gold from C$10.00 to C$15.00 in a research note on Monday, January 26th. Finally, Canaccord Genuity Group lifted their price target on shares of Montage Gold from C$11.00 to C$16.00 and gave the company a “speculative buy” rating in a research note on Thursday, March 26th. Eleven research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$14.25.

Montage Gold Stock Down 7.1%

MAU traded down C$1.15 during midday trading on Friday, hitting C$15.10. The company had a trading volume of 374,449 shares, compared to its average volume of 1,223,815. Montage Gold has a 52 week low of C$3.74 and a 52 week high of C$17.30. The company has a quick ratio of 0.36, a current ratio of 8.43 and a debt-to-equity ratio of 0.31. The stock has a market cap of C$6.08 billion, a P/E ratio of -107.86 and a beta of 2.39. The stock’s 50 day simple moving average is C$14.87.

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.