Montage Gold (CVE:MAU) Stock Price Up 0.5% – Should You Buy?

Shares of Montage Gold Corp. (CVE:MAU) were up 0.5% on Tuesday . The company traded as high as C$2.20 and last traded at C$2.16. Approximately 424,013 shares traded hands during trading, an increase of 24% from the average daily volume of 342,335 shares. The stock had previously closed at C$2.15.

Analyst Ratings Changes

Several research firms recently issued reports on MAU. Ventum Cap Mkts raised shares of Montage Gold to a “strong-buy” rating in a report on Friday, September 27th. BMO Capital Markets increased their price objective on shares of Montage Gold from C$3.00 to C$3.75 in a research note on Friday, October 25th. Finally, Stifel Nicolaus lifted their target price on shares of Montage Gold from C$3.20 to C$4.85 in a research note on Wednesday, October 30th. Five analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Montage Gold presently has an average rating of “Buy” and an average target price of C$3.27.

Montage Gold Stock Performance

The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.36 and a current ratio of 5.75. The business’s fifty day simple moving average is C$2.24 and its 200-day simple moving average is C$1.88. The company has a market capitalization of C$716.73 million, a P/E ratio of -13.87 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.