Montage Gold (TSE:MAU) Stock Price Expected to Rise, National Bank Financial Analyst Says

Montage Gold (TSE:MAU) had its price target lifted by National Bank Financial from C$20.00 to C$22.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price objective suggests a potential upside of 17.65% from the stock’s current price.

MAU has been the topic of a number of other research reports. Scotiabank raised their price objective on shares of Montage Gold from C$19.00 to C$20.00 and gave the stock a “sector outperform” rating in a report on Wednesday. Stifel Nicolaus upped their target price on shares of Montage Gold from C$18.00 to C$21.00 and gave the company a “buy” rating in a report on Wednesday. Canaccord Genuity Group increased their price target on shares of Montage Gold from C$16.00 to C$18.00 and gave the stock a “speculative buy” rating in a research report on Friday, May 15th. 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. Finally, Beacon Securities boosted their price objective on shares of Montage Gold from C$18.00 to C$21.50 and gave the company a “buy” rating in a research report on Thursday. Eleven investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Montage Gold currently has an average rating of “Buy” and an average target price of C$16.77.

Montage Gold Stock Performance

MAU stock traded down C$0.09 during trading on Thursday, reaching C$18.70. The stock had a trading volume of 523,609 shares, compared to its average volume of 1,172,665. The firm has a market cap of C$7.54 billion, a PE ratio of -98.42 and a beta of 2.30. The company has a current ratio of 8.43, a quick ratio of 0.35 and a debt-to-equity ratio of 0.31. The stock’s 50 day moving average is C$16.25 and its two-hundred day moving average is C$14.35. Montage Gold has a 52 week low of C$5.03 and a 52 week high of C$19.28.

Montage Gold (TSE:MAU) last released its quarterly earnings results on Tuesday, August 11th. The company reported C($0.11) earnings per share (EPS) for the quarter. As a group, equities analysts anticipate that Montage Gold will post -0.04 earnings per share for the current 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.