Stifel Nicolaus Lowers Montage Gold (CVE:MAU) Price Target to C$2.20

Montage Gold (CVE:MAU) had its price objective lowered by Stifel Nicolaus from C$2.60 to C$2.20 in a research note issued to investors on Tuesday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target would indicate a potential upside of 10.55% from the company’s current price.

Several other equities analysts have also commented on the stock. BMO Capital Markets set a C$2.50 price target on shares of Montage Gold and gave the stock an “outperform” rating in a research report on Thursday, August 15th. Cormark upped their price objective on Montage Gold from C$2.00 to C$2.50 in a report on Thursday, August 15th. National Bankshares set a C$2.50 target price on Montage Gold and gave the company an “outperform” rating in a report on Tuesday, July 23rd. Raymond James upped their price target on Montage Gold from C$1.65 to C$2.75 in a research note on Thursday, August 15th. Finally, Ventum Cap Mkts upgraded Montage Gold to a “strong-buy” rating in a report on Friday, September 27th. Five investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Montage Gold presently has an average rating of “Buy” and a consensus price target of C$2.49.

Montage Gold Stock Performance

CVE MAU opened at C$1.99 on Tuesday. The company has a debt-to-equity ratio of 1.11, a current ratio of 5.75 and a quick ratio of 0.36. The company has a market capitalization of C$685.71 million, a P/E ratio of -13.27 and a beta of 1.55. The business has a 50 day moving average price of C$1.84 and a 200 day moving average price of C$1.55. Montage Gold has a 1-year low of C$0.53 and a 1-year high of C$2.06.

Montage Gold (CVE:MAU) last issued its quarterly earnings data 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). Sell-side analysts expect that Montage Gold will post -0.04 EPS for the current fiscal 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.