Raymond James Increases Montage Gold (CVE:MAU) Price Target to C$1.65

Montage Gold (CVE:MAU) had its price target lifted by Raymond James from C$1.50 to C$1.65 in a research note issued to investors on Tuesday, BayStreet.CA reports. Raymond James’ price objective would suggest a potential upside of 38.66% from the stock’s current price.

Other equities analysts have also issued research reports about the stock. Stifel Canada reaffirmed a “buy” rating on shares of Montage Gold in a research report on Thursday, February 1st. Stifel Nicolaus lifted their price target on shares of Montage Gold from C$1.50 to C$1.75 in a research note on Friday, April 19th.

Montage Gold Stock Down 0.8 %

CVE:MAU opened at C$1.19 on Tuesday. Montage Gold has a 12 month low of C$0.51 and a 12 month high of C$1.41. The firm has a market cap of C$280.01 million, a price-to-earnings ratio of -10.82 and a beta of 1.09. The company’s 50 day moving average is C$1.09 and its 200-day moving average is C$0.82.

Insider Activity

In related news, Senior Officer Kevin John Ross sold 168,000 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of C$0.83, for a total transaction of C$139,440.00. 49.83% of the stock is owned by corporate insiders.

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.