Montage Gold Corp. (CVE:MAU - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$3.75 and last traded at C$3.75, with a volume of 370343 shares changing hands. The stock had previously closed at C$3.65.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on MAU. Stifel Nicolaus set a C$4.60 target price on shares of Montage Gold and gave the company a "buy" rating in a report on Wednesday, March 19th. National Bank Financial upgraded shares of Montage Gold to a "strong-buy" rating in a research report on Friday, March 21st. Raymond James upped their price objective on shares of Montage Gold from C$3.50 to C$4.75 in a research report on Friday, April 4th. Stifel Canada raised Montage Gold to a "strong-buy" rating in a report on Wednesday, March 19th. Finally, Cormark lifted their price target on shares of Montage Gold from C$3.00 to C$4.50 and gave the company a "buy" rating in a report on Tuesday, March 25th. Four research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of C$4.02.
Get Our Latest Research Report on Montage Gold
Montage Gold Price Performance
The company has a fifty day simple moving average of C$2.84 and a 200 day simple moving average of C$2.43. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.36 and a current ratio of 26.33. The stock has a market capitalization of C$1.32 billion, a price-to-earnings ratio of -26.68 and a beta of 1.55.
Insiders Place Their Bets
In other Montage Gold news, Director David Field sold 93,100 shares of the stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of C$3.03, for a total transaction of C$282,093.00. Company insiders own 34.16% of the company's stock.
Montage Gold Company Profile
(
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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.
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