Montage Gold (CVE:MAU) Price Target Raised to C$11.00

Montage Gold (CVE:MAU) had its price objective raised by Canaccord Genuity Group from C$9.00 to C$11.00 in a research note published on Wednesday,BayStreet.CA reports. Canaccord Genuity Group currently has a speculative buy rating on the stock.

Several other brokerages have also commented on MAU. SCP Equity Research raised their price objective on Montage Gold from C$6.50 to C$8.75 and gave the company a “buy” rating in a research report on Tuesday, October 7th. Scotiabank set a C$6.25 price target on shares of Montage Gold and gave the company an “outperform” rating in a research report on Thursday, September 4th. Ventum Financial boosted their price objective on shares of Montage Gold from C$8.00 to C$9.75 and gave the stock a “buy” rating in a research note on Monday, December 1st. Stifel Nicolaus raised their target price on shares of Montage Gold from C$9.00 to C$9.25 and gave the company a “buy” rating in a research note on Monday, November 24th. Finally, Cormark lifted their target price on shares of Montage Gold from C$9.50 to C$9.75 and gave the company a “buy” rating in a report on Monday, November 24th. Three analysts have rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$9.09.

Montage Gold Stock Up 1.6%

MAU stock opened at C$3.70 on Wednesday. Montage Gold has a fifty-two week low of C$1.24 and a fifty-two week high of C$3.92. The company has a market capitalization of C$1.31 billion, a price-to-earnings ratio of -26.33 and a beta of 1.55. The business’s 50 day moving average price is C$3.70 and its two-hundred day moving average price is C$3.70. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.36 and a current ratio of 26.33.

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.