Montage Gold (TSE:MAU) Price Target Raised to C$22.00 at National Bank Financial

Montage Gold (TSE:MAU) had its price target raised by research analysts at National Bank Financial from C$20.00 to C$22.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s target price points to a potential upside of 17.65% from the company’s current price.

Other equities analysts have also recently issued reports about the company. ATB Cormark Capital Markets upped their price objective on Montage Gold from C$19.00 to C$22.00 and gave the company an “outperform” rating in a research report on Wednesday. Scotiabank boosted their price target on Montage Gold from C$19.00 to C$20.00 and gave the stock a “sector outperform” rating in a research note on Wednesday. Stifel Nicolaus upped their price target on Montage Gold from C$18.00 to C$21.00 and gave the company a “buy” rating in a report on Wednesday. Beacon Securities upped their price target on Montage Gold from C$18.00 to C$21.50 and gave the company a “buy” rating in a report on Thursday. Finally, BMO Capital Markets increased their price objective on Montage Gold from C$20.00 to C$22.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Eleven equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$16.77.

Montage Gold Stock Down 0.5%

Montage Gold stock traded down C$0.09 during trading hours on Thursday, hitting C$18.70. The stock had a trading volume of 523,609 shares, compared to its average volume of 1,172,665. The stock’s 50-day moving average price is C$16.25 and its 200-day moving average price is C$14.35. The stock has a market capitalization of C$7.54 billion, a P/E ratio of -98.42 and a beta of 2.30. Montage Gold has a 12-month low of C$5.03 and a 12-month high of C$19.28. The company has a quick ratio of 0.35, a current ratio of 8.43 and a debt-to-equity ratio of 0.31.

Montage Gold (TSE:MAU) last posted its quarterly earnings results on Tuesday, August 11th. The company reported C($0.11) EPS for the quarter. Equities research analysts anticipate that Montage Gold will post -0.04 EPS for the current fiscal year.

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.