Montage Gold (TSE:MAU) Hits New 1-Year High – Still a Buy?

Montage Gold Corp. (TSE:MAU) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as C$17.60 and last traded at C$17.51, with a volume of 342608 shares. The stock had previously closed at C$17.11.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on MAU. Scotiabank increased their price target on Montage Gold from C$18.50 to C$19.00 and gave the company a “sector outperform” rating in a research report on Monday, June 22nd. National Bank Financial boosted their price objective on Montage Gold from C$19.00 to C$20.00 in a research report on Friday, May 15th. Stifel Nicolaus upped their target price on shares of Montage Gold from C$16.00 to C$18.00 and gave the stock a “buy” rating in a research note on Wednesday, April 15th. Canaccord Genuity Group raised their target price on shares of Montage Gold from C$16.00 to C$18.00 and gave the company a “speculative buy” rating in a report on Friday, May 15th. Finally, BMO Capital Markets lifted their price target on shares of Montage Gold from C$20.00 to C$22.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Eleven investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Montage Gold has a consensus rating of “Buy” and an average target price of C$14.62.

Montage Gold Stock Up 2.3%

The company has a quick ratio of 0.35, a current ratio of 8.43 and a debt-to-equity ratio of 0.31. The stock has a market cap of C$7.06 billion, a PE ratio of -92.11 and a beta of 2.27. The firm has a fifty day moving average of C$15.97 and a 200 day moving average of C$13.95.

Montage Gold (TSE:MAU) last announced its quarterly earnings results on Thursday, May 14th. The company reported C($0.03) earnings per share (EPS) for the quarter. On average, equities research analysts anticipate that Montage Gold Corp. will post -0.04 EPS for the current fiscal year.

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.