Montage Gold (CVE:MAU) Stock Rating Upgraded by Stifel Canada

Montage Gold (CVE:MAU) was upgraded by equities research analysts at Stifel Canada to a “strong-buy” rating in a report 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 note on Wednesday. Three analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Strong Buy” and a consensus target price of C$3.22.

Montage Gold Stock Up 6.5 %

CVE MAU opened at C$2.97 on Wednesday. Montage Gold has a fifty-two week low of C$1.11 and a fifty-two week high of C$3.00. The stock has a market capitalization of C$1.05 billion, a PE ratio of -21.13 and a beta of 1.55. 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 has a fifty day moving average price of C$2.34 and a two-hundred day moving average price of C$2.18.

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.