Montage Gold (TSE:MAU) Given New C$20.00 Price Target at Scotiabank

Montage Gold (TSE:MAU) had its price target boosted by equities researchers at Scotiabank from C$19.00 to C$20.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has a “sector outperform” rating on the stock. Scotiabank’s price target points to a potential upside of 7.12% from the company’s previous close.

Several other brokerages also recently issued reports on MAU. BMO Capital Markets boosted their target price on shares of Montage Gold from C$20.00 to C$22.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. ATB Cormark Capital Markets raised their target price on Montage Gold from C$19.00 to C$22.00 and gave the stock an “outperform” rating in a research report on Wednesday. Canaccord Genuity Group lifted their price target on 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. Stifel Nicolaus lifted their price target on Montage Gold from C$16.00 to C$18.00 and gave the company a “buy” rating in a report on Wednesday, April 15th. Finally, National Bank Financial upped their price target on Montage Gold from C$19.00 to C$20.00 in a research report on Friday, May 15th. Eleven analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$15.35.

Montage Gold Trading Up 1.2%

Shares of Montage Gold stock traded up C$0.22 during trading on Wednesday, hitting C$18.67. The stock had a trading volume of 879,503 shares, compared to its average volume of 1,174,544. The stock has a 50 day simple moving average of C$16.18 and a 200 day simple moving average of C$14.28. The company has a market capitalization of C$7.53 billion, a PE ratio of -98.26 and a beta of 2.30. The company has a quick ratio of 0.35, a current ratio of 8.43 and a debt-to-equity ratio of 0.31. Montage Gold has a 1 year low of C$5.03 and a 1 year high of C$19.28.

Montage Gold (TSE:MAU) last issued its quarterly earnings results on Tuesday, August 11th. The company reported C($0.11) EPS for the quarter. On average, research analysts expect that Montage Gold will post -0.04 EPS for the current fiscal year.

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.