BMO Capital Markets Analysts Give Montage Gold (CVE:MAU) a C$2.50 Price Target

Montage Gold (CVE:MAUGet Free Report) received a C$2.50 target price from BMO Capital Markets in a report released on Thursday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price objective would indicate a potential upside of 29.20% from the company’s previous close.

Several other research analysts also recently commented on MAU. National Bankshares set a C$2.50 price objective on Montage Gold and gave the stock an “outperform” rating in a report on Tuesday, July 23rd. Raymond James lifted their price target on Montage Gold from C$1.65 to C$2.75 in a research note on Thursday. Cormark increased their price objective on Montage Gold from C$2.00 to C$2.50 in a research note on Thursday. Stifel Nicolaus lifted their target price on shares of Montage Gold from C$1.75 to C$2.20 in a research note on Thursday, July 11th. Finally, National Bank Financial upgraded shares of Montage Gold to a “strong-buy” rating in a report on Monday, July 22nd. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Montage Gold currently has an average rating of “Buy” and a consensus target price of C$2.49.

Read Our Latest Research Report on MAU

Montage Gold Price Performance

MAU traded up C$0.04 during midday trading on Thursday, hitting C$1.94. The stock had a trading volume of 206,589 shares, compared to its average volume of 252,127. The company has a market cap of C$462.64 million, a P/E ratio of -13.82 and a beta of 1.54. Montage Gold has a 1 year low of C$0.51 and a 1 year high of C$1.94. The business has a fifty day moving average of C$1.56 and a 200 day moving average of C$1.28. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.36 and a current ratio of 19.98.

Montage Gold (CVE:MAUGet Free Report) last released its earnings results on Monday, May 27th. The company reported C($0.03) EPS for the quarter, missing the consensus estimate of C($0.01) by C($0.02). As a group, equities analysts forecast that Montage Gold will post -0.04 earnings per share for the current fiscal year.

Montage Gold Company Profile

(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.

Further Reading

Analyst Recommendations for Montage Gold (CVE:MAU)

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