Montage Gold Corp. (CVE:MAU – Get Free Report) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as C$2.06 and last traded at C$2.04, with a volume of 253666 shares. The stock had previously closed at C$2.03.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on MAU. National Bank Financial upgraded Montage Gold to a “strong-buy” rating in a research report on Monday, July 22nd. Cormark raised their price target on Montage Gold from C$2.00 to C$2.50 in a report on Thursday, August 15th. BMO Capital Markets set a C$2.50 price target on Montage Gold and gave the stock an “outperform” rating in a report on Thursday, August 15th. Raymond James raised their price target on Montage Gold from C$1.65 to C$2.75 in a report on Thursday, August 15th. Finally, National Bankshares set a C$2.50 price target on Montage Gold and gave the stock an “outperform” rating in a report on Tuesday, July 23rd. Five investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Montage Gold presently has an average rating of “Buy” and an average price target of C$2.49.
Read Our Latest Stock Analysis on Montage Gold
Montage Gold Stock Up 2.5 %
Montage Gold (CVE:MAU – Get Free Report) last issued its quarterly earnings results on Thursday, August 22nd. The company reported C($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.01) by C($0.02). Equities research analysts predict that Montage Gold Corp. will post -0.04 earnings per share for the current year.
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.
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