Canaccord Genuity Group Initiates Coverage on Marathon Gold (OTCMKTS:MGDPF)

Analysts at Canaccord Genuity Group started coverage on shares of Marathon Gold (OTCMKTS:MGDPF – Get Rating) in a research report issued to clients and investors on Tuesday, The Fly reports. The firm set a “buy” rating on the stock.

A number of other equities analysts have also issued reports on the company. National Bank Financial cut their target price on Marathon Gold from C$4.50 to C$3.75 in a research report on Wednesday, April 20th. TD Securities cut their target price on Marathon Gold from C$4.75 to C$4.00 in a research report on Friday, April 22nd. Finally, Raymond James cut their target price on Marathon Gold from C$3.50 to C$3.25 in a research report on Wednesday, April 13th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Marathon Gold has an average rating of “Buy” and a consensus target price of $3.88.

Shares of MGDPF opened at $1.59 on Tuesday. The business’s 50 day moving average is $2.12 and its two-hundred day moving average is $2.27. Marathon Gold has a 52-week low of $1.57 and a 52-week high of $3.00.

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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