Montage Gold (CVE:MAU) Stock Price Expected to Rise, Scotiabank Analyst Says

by · The Cerbat Gem

Montage Gold (CVE:MAU – Get Free Report) had its price target increased by analysts at Scotiabank from C$10.00 to C$15.00 in a research note issued on Monday,BayStreet.CA reports. Scotiabank’s price target points to a potential upside of 305.41% from the company’s current price.

A number of other research firms also recently issued reports on MAU. Raymond James Financial increased their target price on shares of Montage Gold from C$7.50 to C$9.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 26th. National Bankshares lifted 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 research report on Wednesday, November 26th. SCP Equity Research lifted their price target on Montage Gold from C$6.50 to C$8.75 and gave the stock a “buy” rating in a research report on Tuesday, October 7th. Cormark lifted their target price on 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. Finally, Canaccord Genuity Group raised their price objective on shares of Montage Gold from C$9.00 to C$11.00 and gave the stock a “speculative buy” rating in a report on Wednesday, December 17th. Two research analysts have rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company’s stock. According to data from MarketBeat, Montage Gold presently has an average rating of “Buy” and a consensus target price of C$10.45.

Read Our Latest Research Report on MAU

Montage Gold Trading Up 1.6%

Shares of MAU traded up C$0.06 during midday trading on Monday, hitting C$3.70. The stock had a trading volume of 180,469 shares, compared to its average volume of 306,976. The business has a 50-day simple moving average of C$3.70 and a two-hundred day simple moving average of C$3.70. 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 fifty-two week low of C$1.24 and a fifty-two week high of C$3.92.

About Montage Gold

(Get Free Report)

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.

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