Montage Gold (CVE:MAU) Given New C$1.75 Price Target at Stifel Nicolaus

Montage Gold (CVE:MAU - Get Free Report) had its price target increased by stock analysts at Stifel Nicolaus from C$1.50 to C$1.75 in a research note issued on Friday, BayStreet.CA reports. Stifel Nicolaus' price objective indicates a potential upside of 41.13% from the company's current price.

Other equities analysts have also recently issued research reports about the stock. Raymond James boosted their price target on shares of Montage Gold from C$1.25 to C$1.50 in a research note on Wednesday, March 6th. Stifel Canada reiterated a "buy" rating on shares of Montage Gold in a research report on Thursday, February 1st.

Montage Gold Trading Down 1.6 %

Shares of CVE MAU traded down C$0.02 during midday trading on Friday, hitting C$1.24. 8,400 shares of the company's stock were exchanged, compared to its average volume of 184,982. The business's fifty day moving average price is C$1.05 and its two-hundred day moving average price is C$0.80. The company has a market cap of C$291.77 million, a price-to-earnings ratio of -11.36 and a beta of 1.09. Montage Gold has a 12-month low of C$0.51 and a 12-month high of C$1.41.

Insider Transactions at Montage Gold

In related 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 stock was sold at an average price of C$0.83, for a total transaction of C$139,440.00. Company insiders own 49.83% of the company's stock.

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.