Montage Gold (CVE:MAU) Reaches New 12-Month High – Time to Buy?

Montage Gold Corp. (CVE:MAU) reached a new 52-week high during trading on Monday . The stock traded as high as C$3.00 and last traded at C$2.99, with a volume of 231743 shares traded. The stock had previously closed at C$2.87.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MAU. Stifel Canada upgraded Montage Gold to a “strong-buy” rating in a report on Wednesday, March 19th. Stifel Nicolaus set a C$4.60 price target on Montage Gold and gave the stock a “buy” rating in a research note on Wednesday, March 19th. Three equities research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Strong Buy” and an average target price of C$3.22.

Montage Gold Trading Up 4.0 %

The company has a 50 day simple moving average of C$2.36 and a two-hundred day simple moving average of C$2.20. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.36 and a current ratio of 26.33. The firm has a market cap of C$1.05 billion, a PE ratio of -21.24 and a beta of 1.55.

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.