Montage Gold (CVE:MAU) Hits New 1-Year High – What’s Next?

Montage Gold Corp. (CVE:MAU)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as C$2.69 and last traded at C$2.68, with a volume of 67578 shares. The stock had previously closed at C$2.58.

Analysts Set New Price Targets

Separately, Stifel Nicolaus dropped their target price on Montage Gold from C$4.85 to C$4.60 in a report on Monday, December 23rd. Three analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Montage Gold has a consensus rating of “Buy” and a consensus target price of C$3.22.

Montage Gold Stock Performance

The stock has a market capitalization of C$956.62 million, a P/E ratio of -19.28 and a beta of 1.55. The company has a quick ratio of 0.36, a current ratio of 26.33 and a debt-to-equity ratio of 0.30. The business has a fifty day moving average price of C$2.30 and a 200-day moving average price of C$2.17.

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.