Stifel Nicolaus Cuts Montage Gold (CVE:MAU) Price Target to C$4.60

Montage Gold (CVE:MAU) had its price target trimmed by Stifel Nicolaus from C$4.85 to C$4.60 in a research report sent to investors on Monday morning,BayStreet.CA reports.

Several other research analysts have also issued reports on the company. BMO Capital Markets raised their price target on Montage Gold from C$3.00 to C$3.75 in a research report on Friday, October 25th. 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 given a strong buy rating to the company’s stock. According to MarketBeat, Montage Gold presently has an average rating of “Buy” and an average target price of C$3.22.

Montage Gold Trading Up 0.5 %

MAU opened at C$2.13 on Monday. The firm has a 50 day simple moving average of C$2.24 and a 200 day simple moving average of C$1.90. Montage Gold has a fifty-two week low of C$0.65 and a fifty-two week high of C$2.61. The company has a market cap of C$733.96 million, a price-to-earnings ratio of -14.20 and a beta of 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 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.