Montage Gold (CVE:MAU) Given a C$7.50 Price Target at Canaccord Genuity Group

Canaccord Genuity Group set a C$7.50 target price on Montage Gold (CVE:MAU) in a report published on Friday morning,BayStreet.CA reports. The firm currently has a speculative buy rating on the stock.

Separately, Scotiabank set a C$6.25 price target on Montage Gold and gave the company an “outperform” rating in a research note on Thursday, September 4th. Three research analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$5.29.

Montage Gold Stock Performance

Shares of Montage Gold stock opened at C$3.70 on Friday. The firm has a market cap of C$1.31 billion, a P/E ratio of -26.33 and a beta of 1.55. The company has a current ratio of 26.33, a quick ratio of 0.36 and a debt-to-equity ratio of 0.30. Montage Gold has a 12 month low of C$1.24 and a 12 month high of C$3.92. The stock’s fifty day moving average price is C$3.70 and its 200-day moving average price is C$3.50.

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.