Montage Gold Corp. (CVE:MAU) Receives C$2.74 Consensus Price Target from Brokerages

Shares of Montage Gold Corp. (CVE:MAU) have been given an average recommendation of “Buy” by the seven ratings firms that are currently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$3.27.

MAU has been the topic of several recent research reports. National Bankshares set a C$2.50 price target on Montage Gold and gave the stock an “outperform” rating in a report on Tuesday, July 23rd. Ventum Cap Mkts raised Montage Gold to a “strong-buy” rating in a research note on Friday, September 27th. BMO Capital Markets lifted their target price on Montage Gold from C$3.00 to C$3.75 in a research note on Friday, October 25th. Cormark lifted their target price on Montage Gold from C$2.00 to C$2.50 in a research note on Thursday, August 15th. Finally, National Bank Financial raised Montage Gold to a “strong-buy” rating in a research note on Monday, July 22nd.

Montage Gold Trading Down 2.4 %

Shares of CVE MAU opened at C$2.42 on Tuesday. The company has a market cap of C$833.88 million, a price-to-earnings ratio of -16.13 and a beta of 1.55. Montage Gold has a 12-month low of C$0.62 and a 12-month high of C$2.61. The company has a current ratio of 5.75, a quick ratio of 0.36 and a debt-to-equity ratio of 1.11. The stock’s 50 day simple moving average is C$1.99 and its 200 day simple moving average is C$1.68.

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

Montage Gold Company Profile

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.