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

Montage Gold (CVE:MAU) had its target price increased by equities research analysts at Stifel Nicolaus from C$16.00 to C$18.00 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price target indicates a potential upside of 386.49% from the company’s previous close.

A number of other equities analysts have also weighed in on the company. Scotiabank increased their target price on Montage Gold from C$10.00 to C$15.00 in a research note on Monday, January 26th. Cormark raised their price target on shares of 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. Canaccord Genuity Group raised their price target on shares of Montage Gold from C$11.00 to C$16.00 and gave the stock a “speculative buy” rating in a research report on Thursday, March 26th. ATB Cormark Capital Markets raised their price target on shares of Montage Gold from C$16.50 to C$18.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 1st. Finally, BMO Capital Markets raised their price target on shares of Montage Gold from C$10.00 to C$20.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 28th. Eleven equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$12.94.

Montage Gold Stock Performance

Shares of CVE MAU traded up C$0.06 during trading hours on Wednesday, reaching C$3.70. 180,469 shares of the stock were exchanged, compared to its average volume of 306,976. The firm has a market capitalization of C$1.31 billion, a price-to-earnings ratio of -26.33 and a beta of 1.55. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.36 and a current ratio of 8.43. Montage Gold has a 52 week low of C$1.24 and a 52 week high of C$3.92. The stock’s fifty day simple moving average is C$3.70 and its 200 day simple moving average is C$3.70.

About Montage Gold

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.