Cormark Boosts Montage Gold (CVE:MAU) Price Target to C$4.50

Montage Gold (CVE:MAU) had its price objective boosted by stock analysts at Cormark from C$3.00 to C$4.50 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Cormark’s price objective would indicate a potential upside of 46.58% from the company’s current price.

Several other analysts have also weighed in on the stock. Stifel Canada raised shares of Montage Gold to a “strong-buy” rating in a research note on Wednesday, March 19th. Stifel Nicolaus set a C$4.60 price target on Montage Gold and gave the company a “buy” rating in a research note on Wednesday, March 19th. Finally, National Bank Financial upgraded Montage Gold to a “strong-buy” rating in a research note on Friday. Four equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, Montage Gold presently has a consensus rating of “Buy” and a consensus price target of C$3.62.

Montage Gold Stock Performance

Shares of MAU stock traded up C$0.09 during trading hours on Tuesday, reaching C$3.07. 281,686 shares of the company’s stock were exchanged, compared to its average volume of 214,043. The business has a fifty day moving average price of C$2.37 and a 200-day moving average price of C$2.21. The stock has a market capitalization of C$1.08 billion, a P/E ratio of -21.85 and a beta of 1.55. The company has a quick ratio of 0.36, a current ratio of 26.33 and a debt-to-equity ratio of 0.30. Montage Gold has a fifty-two week low of C$1.18 and a fifty-two week high of C$3.14.

Montage Gold Company Profile

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.