Raymond James Analysts Decrease Earnings Estimates for Marathon Gold Co. (TSE:MOZ)

Marathon Gold Co. (TSE:MOZGet Rating) – Investment analysts at Raymond James dropped their FY2022 earnings per share (EPS) estimates for Marathon Gold in a research note issued to investors on Tuesday, April 12th. Raymond James analyst C. Stanley now forecasts that the company will post earnings per share of ($0.05) for the year, down from their prior estimate of ($0.04). Raymond James currently has a “Outperform” rating and a $3.25 price objective on the stock.

A number of other equities research analysts also recently issued reports on the stock. National Bankshares boosted their target price on shares of Marathon Gold from C$4.25 to C$4.50 in a report on Friday, January 7th. TD Securities increased their target price on Marathon Gold from C$4.00 to C$4.50 in a research report on Wednesday, January 26th. Finally, CIBC lowered their price target on Marathon Gold from C$4.25 to C$4.00 and set an “outperform” rating for the company in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of C$4.48.

TSE MOZ opened at C$2.77 on Friday. The company has a market cap of C$706.81 million and a P/E ratio of -92.33. Marathon Gold has a 12 month low of C$2.36 and a 12 month high of C$3.73. The company has a debt-to-equity ratio of 0.54, a current ratio of 12.92 and a quick ratio of 12.73. The company has a 50-day moving average of C$2.85 and a 200-day moving average of C$2.95.

Marathon Gold (TSE:MOZGet Rating) last announced its quarterly earnings data on Thursday, March 24th. The company reported C($0.01) EPS for the quarter, meeting the Zacks’ consensus estimate of C($0.01).

Marathon Gold Company Profile (Get Rating)

Marathon Gold Corporation engages in the acquisition, exploration, and development of mineral resource projects in Canada. The company explores for gold, and precious and base metal deposits. Its flagship property is the Valentine Lake gold property with four mineralized deposits located in Newfoundland and Labrador, Canada.

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Earnings History and Estimates for Marathon Gold (TSE:MOZ)

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