Cormark Increases Montage Gold (CVE:MAU) Price Target to C$2.00

Montage Gold (CVE:MAU) had its price objective boosted by Cormark from C$1.85 to C$2.00 in a research note issued to investors on Wednesday morning, BayStreet.CA reports.

Other analysts have also recently issued reports about the company. Stifel Nicolaus lifted their price objective on Montage Gold from C$1.50 to C$1.75 in a research report on Friday, April 19th. Raymond James boosted their price target on Montage Gold from C$1.50 to C$1.65 in a research report on Tuesday, April 23rd.

Montage Gold Price Performance

CVE:MAU opened at C$1.75 on Wednesday. The firm has a market capitalization of C$411.78 million, a price-to-earnings ratio of -12.50 and a beta of 1.31. Montage Gold has a 52-week low of C$0.51 and a 52-week high of C$1.78. The stock has a fifty day moving average of C$1.41 and a 200 day moving average of C$1.11. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.36 and a current ratio of 5.77.

Montage Gold (CVE:MAU) last released its quarterly earnings data on Monday, April 29th. The company reported C($0.06) EPS for the quarter. On average, research analysts expect that Montage Gold will post -0.04 EPS for the current fiscal year.

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.