Raymond James analyst Craig Stanley has maintained their bullish stance on MAU stock, giving a Buy rating on November 14.
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Craig Stanley has given his Buy rating due to a combination of factors surrounding Montage Gold Corp.’s strategic investments and promising project developments. The company is advancing its Kone Gold Project in Cote d’Ivoire, which is progressing well towards its first gold production. Additionally, Montage has acquired stakes in pre-production companies like Aurum Resources and African Gold, which are active in the resource-rich region of West Africa.
These investments are significant as they include projects with substantial gold resources and promising exploration results. For instance, Aurum’s Boundiali Project, located near Montage’s holdings, has shown impressive assay results, indicating high gold grades. Similarly, African Gold’s Didievi project has reported substantial resource updates, further enhancing the potential for future growth. These strategic moves and the promising outlook of their projects underpin Stanley’s positive assessment and Buy rating for Montage Gold Corp.