Montage Gold (CVE:MAU) Reaches New 1-Year High – Here’s What Happened

Montage Gold Corp. (CVE:MAU) shares hit a new 52-week high during trading on Monday . The company traded as high as C$3.00 and last traded at C$2.99, with a volume of 231743 shares. The stock had previously closed at C$2.87.

Analyst Upgrades and Downgrades

MAU has been the topic of several recent research reports. Stifel Canada upgraded Montage Gold to a “strong-buy” rating in a research report on Wednesday, March 19th. Stifel Nicolaus set a C$4.60 price target on shares of Montage Gold and gave the company a “buy” rating in a research report on Wednesday, March 19th. Three analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Strong Buy” and an average price target of C$3.22.

Montage Gold Stock Up 4.0 %

The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.36 and a current ratio of 26.33. The business’s 50 day moving average is C$2.36 and its 200-day moving average is C$2.20. The stock has a market cap of C$1.05 billion, a price-to-earnings ratio of -21.24 and a beta of 1.55.

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.