Montage Gold (CVE:MAU) Price Target Raised to C$4.50 at Cormark

Montage Gold (CVE:MAU) had its price objective increased by Cormark from C$3.00 to C$4.50 in a research note issued on Tuesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Cormark’s price objective points to a potential upside of 46.58% from the company’s previous close.

Several other equities analysts have also recently weighed in on the company. Stifel Nicolaus set a C$4.60 price objective on Montage Gold and gave the company a “buy” rating in a report on Wednesday, March 19th. National Bank Financial raised Montage Gold to a “strong-buy” rating in a research report on Friday. Finally, Stifel Canada raised Montage Gold to a “strong-buy” rating in a report on Wednesday, March 19th. Four analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, Montage Gold has a consensus rating of “Buy” and an average target price of C$3.62.

Montage Gold Stock Up 2.8 %

CVE MAU traded up C$0.09 during trading on Tuesday, hitting C$3.07. The stock had a trading volume of 281,686 shares, compared to its average volume of 214,043. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.36 and a current ratio of 26.33. Montage Gold has a 12 month low of C$1.18 and a 12 month high of C$3.14. The company’s 50-day moving average price is C$2.37 and its two-hundred day moving average price is C$2.21. The company has a market capitalization of C$1.08 billion, a PE ratio of -21.85 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.