Montage Gold (CVE:MAU) Hits New 52-Week High – Here’s Why

Montage Gold Corp. (CVE:MAU)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as C$2.69 and last traded at C$2.68, with a volume of 67578 shares. The stock had previously closed at C$2.58.

Analyst Ratings Changes

Separately, Stifel Nicolaus set a C$4.60 price target on shares of Montage Gold and gave the company a “buy” rating in a research note on Wednesday. Three analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of C$3.22.

Montage Gold Trading Down 2.6 %

The business has a fifty day moving average of C$2.32 and a 200-day moving average of C$2.18. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.36 and a current ratio of 26.33. The company has a market capitalization of C$984.86 million, a P/E ratio of -19.85 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.