Montage Gold (CVE:MAU) Rating Increased to Strong-Buy at Stifel Canada

Stifel Canada upgraded shares of Montage Gold (CVE:MAU) to a strong-buy rating in a research note released on Wednesday,Zacks.com reports. Stifel Canada also issued estimates for Montage Gold’s FY2029 earnings at $0.63 EPS.

Separately, Stifel Nicolaus set a C$4.60 price target on Montage Gold and gave the company a “buy” rating in a research report on Wednesday. Three investment analysts have rated the stock with a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Montage Gold currently has a consensus rating of “Strong Buy” and a consensus target price of C$3.22.

Montage Gold Stock Up 6.5 %

Shares of CVE MAU opened at C$2.97 on Wednesday. Montage Gold has a one year low of C$1.11 and a one year high of C$3.00. The company has a debt-to-equity ratio of 0.30, a current ratio of 26.33 and a quick ratio of 0.36. The business’s fifty day moving average price is C$2.34 and its 200-day moving average price is C$2.18. The stock has a market capitalization of C$1.05 billion, a PE ratio of -21.13 and a beta of 1.55.

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.