Montage Gold Corp. (CVE:MAU) Given Average Recommendation of “Strong Buy” by Analysts

Montage Gold Corp. (CVE:MAU) has earned a consensus recommendation of “Strong Buy” from the six research firms that are presently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a buy recommendation and three have issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$3.22.

MAU has been the subject of several research analyst reports. Stifel Canada raised Montage Gold to a “strong-buy” rating in a research note on Wednesday. Stifel Nicolaus set a C$4.60 price objective on Montage Gold and gave the company a “buy” rating in a report on Wednesday.

Montage Gold Trading Up 6.5 %

Shares of MAU stock opened at C$2.97 on Friday. The stock has a market capitalization of C$1.05 billion, a price-to-earnings ratio of -21.13 and a beta of 1.55. The company’s fifty day simple moving average is C$2.34 and its two-hundred day simple moving average is C$2.18. Montage Gold has a 1 year low of C$1.11 and a 1 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.

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.