Montage Gold Corp. (CVE:MAU) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Montage Gold Corp. (CVE:MAU) have received a consensus rating of “Buy” from the seven ratings firms that are presently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$3.27.

Several analysts recently commented on the stock. Stifel Nicolaus raised their price target on shares of Montage Gold from C$3.20 to C$4.85 in a research report on Wednesday, October 30th. BMO Capital Markets lifted their target price on shares of Montage Gold from C$3.00 to C$3.75 in a research report on Friday, October 25th. Finally, Ventum Cap Mkts upgraded shares of Montage Gold to a “strong-buy” rating in a research report on Friday, September 27th.

Montage Gold Stock Up 0.5 %

MAU stock opened at C$2.16 on Wednesday. The firm has a market cap of C$744.29 million, a PE ratio of -14.40 and a beta of 1.55. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.36 and a current ratio of 5.75. The firm’s fifty day moving average is C$2.23 and its 200 day moving average is C$1.87. Montage Gold has a one year low of C$0.65 and a one year high of C$2.61.

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.