Montage Gold (CVE:MAU) Price Target Increased to C$1.75 by Analysts at Stifel Nicolaus

Montage Gold (CVE:MAU) had its price objective upped by investment analysts at Stifel Nicolaus from C$1.50 to C$1.75 in a report issued on Friday, BayStreet.CA reports. Stifel Nicolaus’ price target would indicate a potential upside of 40.00% from the stock’s previous close.

Several other brokerages have also recently issued reports on MAU. Raymond James lifted their target price on shares of Montage Gold from C$1.25 to C$1.50 in a research note on Wednesday, March 6th. Stifel Canada reaffirmed a “buy” rating on shares of Montage Gold in a research note on Thursday, February 1st.

Montage Gold Stock Performance

Montage Gold stock traded down C$0.01 during midday trading on Friday, hitting C$1.25. 6,700 shares of the company were exchanged, compared to its average volume of 184,960. The firm has a market capitalization of C$294.13 million, a PE ratio of -11.36 and a beta of 1.09. The business has a fifty day simple moving average of C$1.05 and a two-hundred day simple moving average of C$0.80. Montage Gold has a fifty-two week low of C$0.51 and a fifty-two week high of C$1.41.

Insider Activity at Montage Gold

In other news, Senior Officer Kevin John Ross sold 168,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of C$0.83, for a total transaction of C$139,440.00. 49.83% of the stock is currently owned by company insiders.

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.