Ventum Capital Markets began coverage on Montage Gold Corp (MAU:CN) (OTC: MAUTF), a gold developer poised to start construction. The firm issued a Buy rating for the company's stock, setting a price target of C$2.90.
The new coverage comes as Montage Gold Corp is rapidly advancing in its sector, preparing to commence construction. The company is recognized for its potential in high-grade regional exploration, which is anticipated to contribute to its value and positively impact its market valuation in the months ahead.
The analyst from Ventum Capital Markets expressed optimism about the company's prospects. They noted, "We are initiating coverage on Montage Gold Corp.
(MAU-TSXV), a rapidly advancing gold developer preparing to commence construction, with high-grade regional exploration upside that we expect to add value and enhance the Company's market valuation over the coming months."
The price target of C$2.90 reflects the firm's confidence in Montage Gold Corp's future performance. The Buy rating indicates that Ventum Capital Markets expects the stock to outperform in the near future, based on the company's current developments and exploration potential.
Investors and market watchers may keep an eye on Montage Gold Corp as it progresses with its construction plans and explores regional high-grade opportunities. The company's advancements are set to play a crucial role in its market valuation, as suggested by the analyst's coverage initiation.
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