Montage Gold Corp. (TSE:MAU) Receives Consensus Rating of “Buy” from Analysts

Shares of Montage Gold Corp. (TSE:MAU) have been given a consensus rating of “Buy” by the eleven research firms that are presently covering the stock, MarketBeat.com reports. Eleven investment analysts have rated the stock with a buy rating. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$14.62.

A number of research firms have recently commented on MAU. Scotiabank upped their price objective on shares of Montage Gold from C$18.50 to C$19.00 and gave the company a “sector outperform” rating in a research note on Monday, June 22nd. Canaccord Genuity Group lifted their target price on shares of Montage Gold from C$16.00 to C$18.00 and gave the stock a “speculative buy” rating in a research note on Friday, May 15th. Stifel Nicolaus lifted their target price on shares of Montage Gold from C$16.00 to C$18.00 and gave the stock a “buy” rating in a research note on Wednesday, April 15th. National Bank Financial boosted their target price on shares of Montage Gold from C$19.00 to C$20.00 in a report on Friday, May 15th. Finally, BMO Capital Markets upped their price target on shares of Montage Gold from C$20.00 to C$22.00 and gave the company an “outperform” rating in a research report on Friday, May 15th.

Montage Gold Price Performance

Montage Gold stock opened at C$15.86 on Friday. The stock’s 50 day moving average is C$15.94 and its 200 day moving average is C$13.92. Montage Gold has a one year low of C$4.29 and a one year high of C$17.60. The firm has a market cap of C$6.40 billion, a P/E ratio of -83.47 and a beta of 2.27. The company has a debt-to-equity ratio of 0.31, a current ratio of 8.43 and a quick ratio of 0.35.

Montage Gold (TSE:MAU) last released its earnings results on Thursday, May 14th. The company reported C($0.03) earnings per share for the quarter. As a group, research analysts expect that Montage Gold will post -0.04 EPS for the current year.

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.