Montage Gold (TSE:MAU) Given New C$18.00 Price Target at Canaccord Genuity Group

Montage Gold (TSE:MAU) had its price objective increased by stock analysts at Canaccord Genuity Group from C$16.00 to C$18.00 in a report issued on Friday,BayStreet.CA reports. The firm presently has a “speculative buy” rating on the stock. Canaccord Genuity Group’s price target points to a potential upside of 20.32% from the company’s current price.

MAU has been the subject of a number of other reports. Stifel Nicolaus lifted their price objective on shares of Montage Gold from C$16.00 to C$18.00 and gave the company a “buy” rating in a research note on Wednesday, April 15th. BMO Capital Markets raised their price target on shares of Montage Gold from C$20.00 to C$22.00 and gave the company an “outperform” rating in a report on Friday. ATB Cormark Capital Markets raised their price target on shares of Montage Gold from C$16.50 to C$18.00 and gave the company an “outperform” rating in a report on Wednesday, April 1st. National Bank Financial raised their price target on shares of Montage Gold from C$19.00 to C$20.00 in a report on Friday. Finally, Scotiabank raised their price target on shares of Montage Gold from C$10.00 to C$15.00 in a report on Monday, January 26th. Eleven analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$14.25.

Montage Gold Stock Performance

TSE:MAU traded down C$1.29 on Friday, hitting C$14.96. The stock had a trading volume of 388,342 shares, compared to its average volume of 1,223,945. The company has a current ratio of 8.43, a quick ratio of 0.36 and a debt-to-equity ratio of 0.31. The firm has a market cap of C$6.03 billion, a PE ratio of -106.86 and a beta of 2.39. Montage Gold has a 1 year low of C$3.74 and a 1 year high of C$17.30. The firm’s fifty day simple moving average is C$14.87.

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.