Montage Gold (CVE:MAU) PT Set at C$4.60 by Stifel Nicolaus

Montage Gold (CVE:MAU) has been given a C$4.60 price objective by Stifel Nicolaus in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ target price points to a potential upside of 66.06% from the company’s previous close.

Montage Gold Price Performance

Shares of CVE MAU traded down C$0.10 during mid-day trading on Wednesday, reaching C$2.77. The company had a trading volume of 365,964 shares, compared to its average volume of 206,551. The company has a current ratio of 26.33, a quick ratio of 0.36 and a debt-to-equity ratio of 0.30. The stock has a market cap of C$977.80 million, a PE ratio of -19.71 and a beta of 1.55. The company has a 50-day moving average price of C$2.31 and a two-hundred day moving average price of C$2.17. Montage Gold has a 1-year low of C$1.11 and a 1-year high of C$2.93.

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.