Montage Gold Corp. (CVE:MAU) Senior Officer Constant Tia Buys 10,000 Shares

Montage Gold Corp. (CVE:MAU) Senior Officer Constant Tia bought 10,000 shares of the stock in a transaction that occurred on Wednesday, July 24th. The stock was acquired at an average price of C$1.69 per share, for a total transaction of C$16,900.00.

Montage Gold Trading Up 1.2 %

CVE:MAU opened at C$1.68 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.36 and a current ratio of 5.77. The firm has a market cap of C$395.30 million, a price-to-earnings ratio of -12.00 and a beta of 1.31. Montage Gold Corp. has a 52 week low of C$0.51 and a 52 week high of C$1.87. The firm has a 50-day moving average price of C$1.48 and a two-hundred day moving average price of C$1.18.

Montage Gold (CVE:MAU) last released its earnings results on Monday, April 29th. The company reported C($0.06) earnings per share for the quarter. On average, equities analysts expect that Montage Gold Corp. will post -0.04 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. National Bank Financial upgraded shares of Montage Gold to a “strong-buy” rating in a report on Monday, July 22nd. National Bankshares set a C$2.50 target price on shares of Montage Gold and gave the stock an “outperform” rating in a report on Tuesday, July 23rd. Cormark upped their target price on shares of Montage Gold from C$1.85 to C$2.00 in a report on Wednesday, July 10th. Raymond James increased their price objective on shares of Montage Gold from C$1.50 to C$1.65 in a research note on Tuesday, April 23rd. Finally, Stifel Nicolaus increased their price objective on shares of Montage Gold from C$1.75 to C$2.20 in a research note on Thursday, July 11th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$2.09.

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.