Montage Gold (CVE:MAU) Given a C$4.60 Price Target at Stifel Nicolaus

Montage Gold (CVE:MAU) has been given a C$4.60 target price by investment analysts at Stifel Nicolaus in a research note issued on Wednesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 66.06% from the stock’s previous close.

Montage Gold Trading Down 3.3 %

CVE MAU traded down C$0.10 during trading hours on Wednesday, hitting C$2.77. 365,964 shares of the company’s stock were exchanged, compared to its average volume of 206,551. The business’s 50 day moving average is C$2.31 and its 200-day moving average is C$2.17. Montage Gold has a 12-month low of C$1.11 and a 12-month high of C$2.93. The firm has a market capitalization of C$977.80 million, a P/E ratio of -19.71 and a beta of 1.55. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.36 and a current ratio of 26.33.

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.