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

Shares of Montage Gold Corp. (CVE:MAU) have been given an average recommendation of “Buy” by the seven analysts that are currently covering the stock, Marketbeat reports. Four analysts have rated the stock with a buy recommendation and three have assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$4.65.

A number of analysts have recently commented on MAU shares. Ventum Financial lifted their price target on shares of Montage Gold from C$4.90 to C$5.25 and gave the stock a “buy” rating in a research note on Friday, May 2nd. Raymond James Financial lifted their target price on shares of Montage Gold from C$3.50 to C$4.75 in a research report on Friday, April 4th. Ventum Cap Mkts upgraded shares of Montage Gold to a “strong-buy” rating in a research note on Thursday, May 1st. Finally, Stifel Nicolaus raised their price target on Montage Gold from C$4.60 to C$5.00 in a research note on Monday, April 21st.

Insider Transactions at Montage Gold

In other Montage Gold news, Director Anu Dhir sold 130,000 shares of the stock in a transaction that occurred on Wednesday, April 30th. The shares were sold at an average price of C$3.60, for a total value of C$468,000.00. Company insiders own 34.16% of the company’s stock.

Montage Gold Price Performance

Shares of CVE:MAU opened at C$3.70 on Thursday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.36 and a current ratio of 26.33. The firm has a market cap of C$1.31 billion, a price-to-earnings ratio of -26.33 and a beta of 1.55. The business has a 50-day simple moving average of C$3.70 and a two-hundred day simple moving average of C$3.17. Montage Gold has a fifty-two week low of C$1.24 and a fifty-two week high of C$3.92.

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.