Marathon Gold (OTCMKTS:MGDPF) PT Lowered to C$3.50 at TD Securities

Marathon Gold (OTCMKTS:MGDPFGet Rating) had its target price dropped by stock analysts at TD Securities from C$4.00 to C$3.50 in a research note issued on Monday, The Fly reports.

MGDPF has been the subject of several other research reports. Canaccord Genuity Group initiated coverage on shares of Marathon Gold in a research report on Tuesday, May 10th. They issued a “buy” rating for the company. Raymond James cut their price objective on shares of Marathon Gold from C$3.50 to C$3.25 in a report on Wednesday, April 13th. Canaccord Genuity Group initiated coverage on shares of Marathon Gold in a report on Tuesday, May 10th. They set a “buy” rating and a $3.60 price objective on the stock. Finally, National Bank Financial cut their price objective on shares of Marathon Gold from C$4.50 to C$3.75 in a report on Wednesday, April 20th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $3.72.

OTCMKTS MGDPF traded up $0.08 during mid-day trading on Monday, hitting $1.57. The company’s stock had a trading volume of 67,300 shares, compared to its average volume of 50,549. The company’s 50 day simple moving average is $2.06 and its 200 day simple moving average is $2.24. Marathon Gold has a twelve month low of $1.46 and a twelve month 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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