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

Shares of Montage Gold Corp. (CVE:MAU) have been assigned an average recommendation of “Buy” from the twelve ratings firms that are currently covering the firm, MarketBeat.com reports. Nine investment analysts have rated the stock with a buy rating and three have issued a strong buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is C$9.09.

A number of brokerages have weighed in on MAU. Ventum Financial raised their price objective on Montage Gold from C$8.00 to C$9.75 and gave the company a “buy” rating in a research note on Monday, December 1st. Raymond James Financial increased their target price on Montage Gold from C$7.50 to C$9.00 and gave the company an “outperform” rating in a research note on Wednesday, November 26th. Cormark raised their price target on shares of Montage Gold from C$9.75 to C$10.50 and gave the stock a “buy” rating in a research report on Thursday, December 18th. National Bankshares upped their price target on shares of Montage Gold from C$8.75 to C$9.50 and gave the company an “outperform” rating in a report on Wednesday, November 26th. Finally, Beacon Securities increased their price objective on shares of Montage Gold from C$6.00 to C$7.80 and gave the company a “buy” rating in a research note on Tuesday, September 23rd.

Montage Gold Stock Up 1.6%

Shares of Montage Gold stock opened at C$3.70 on Wednesday. Montage Gold has a 1-year low of C$1.24 and a 1-year high of C$3.92. The company has a market capitalization of C$1.31 billion, a PE ratio of -26.33 and a beta of 1.55. The company has a debt-to-equity ratio of 0.30, a current ratio of 26.33 and a quick ratio of 0.36. The business has a 50-day moving average of C$3.70 and a 200-day moving average of C$3.70.

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.