Montage Gold (CVE:MAU) Hits New 12-Month High After Analyst Upgrade

Montage Gold Corp. (CVE:MAU) hit a new 52-week high during mid-day trading on Wednesday after Cormark raised their price target on the stock from C$1.85 to C$2.00. The company traded as high as C$1.60 and last traded at C$1.58, with a volume of 351865 shares changing hands. The stock had previously closed at C$1.51.

A number of other analysts have also recently issued reports on the company. Raymond James upped their target price on Montage Gold from C$1.50 to C$1.65 in a research report on Tuesday, April 23rd. Stifel Nicolaus upped their target price on Montage Gold from C$1.50 to C$1.75 in a research report on Friday, April 19th.

Montage Gold Trading Up 4.6 %

The company has a 50 day simple moving average of C$1.38 and a 200 day simple moving average of C$1.09. The company has a current ratio of 5.77, a quick ratio of 0.36 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of C$371.77 million, a PE ratio of -11.29 and a beta of 1.31.

Montage Gold (CVE:MAU) last posted its quarterly earnings data on Monday, April 29th. The company reported C($0.06) EPS for the quarter. Analysts predict that Montage Gold Corp. will post -0.04 earnings per share 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.