Montage Gold Corp. (CVE:MAU) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Montage Gold Corp. (CVE:MAU) have earned a consensus recommendation of “Buy” from the seven ratings firms that are currently covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$2.49.

Several brokerages have weighed in on MAU. BMO Capital Markets set a C$2.50 price objective on shares of Montage Gold and gave the stock an “outperform” rating in a research note on Thursday, August 15th. National Bank Financial upgraded shares of Montage Gold to a “strong-buy” rating in a research report on Monday, July 22nd. Cormark upped their price objective on Montage Gold from C$2.00 to C$2.50 in a report on Thursday, August 15th. Raymond James upped their target price on shares of Montage Gold from C$1.65 to C$2.75 in a research note on Thursday, August 15th. Finally, Ventum Cap Mkts raised Montage Gold to a “strong-buy” rating in a research report on Friday, September 27th.

Montage Gold Price Performance

Shares of Montage Gold stock opened at C$2.01 on Friday. Montage Gold has a fifty-two week low of C$0.53 and a fifty-two week high of C$2.05. The company has a market cap of C$692.61 million, a PE ratio of -13.40 and a beta of 1.55. The firm has a fifty day moving average price of C$1.83 and a two-hundred day moving average price of C$1.55. The company has a debt-to-equity ratio of 1.11, a current ratio of 5.75 and a quick ratio of 0.36.

Montage Gold (CVE:MAU) last posted its quarterly earnings results on Thursday, August 22nd. The company reported C($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.02). Analysts expect that Montage Gold will post -0.04 EPS for the current 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.