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

Montage Gold Corp. (CVE:MAU) has been given a consensus recommendation of “Buy” by the six analysts that are covering the company, MarketBeat reports. Five analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is C$2.49.

Several brokerages have recently issued reports on MAU. National Bankshares set a C$2.50 price target on Montage Gold and gave the company an “outperform” rating in a research report on Tuesday, July 23rd. National Bank Financial raised Montage Gold to a “strong-buy” rating in a report on Monday, July 22nd. BMO Capital Markets set a C$2.50 target price on Montage Gold and gave the company an “outperform” rating in a research note on Thursday, August 15th. Stifel Nicolaus raised their price objective on Montage Gold from C$1.75 to C$2.20 in a research report on Thursday, July 11th. Finally, Cormark boosted their price objective on Montage Gold from C$2.00 to C$2.50 in a research report on Thursday, August 15th.

Montage Gold Stock Performance

CVE:MAU opened at C$1.79 on Monday. The stock has a market cap of C$616.80 million, a P/E ratio of -11.93 and a beta of 1.54. The firm has a 50-day moving average of C$1.76 and a two-hundred day moving average of C$1.44. The company has a debt-to-equity ratio of 1.11, a current ratio of 5.75 and a quick ratio of 0.36. Montage Gold has a 1-year low of C$0.51 and a 1-year high of C$2.03.

Montage Gold (CVE:MAU) last released its quarterly earnings data on Thursday, August 22nd. The company reported C($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.02). On average, research analysts expect that Montage Gold will post -0.04 earnings per share for the current fiscal year.

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.