Marathon Gold (OTCMKTS:MGDPF) Receives New Coverage from Analysts at TD Securities

TD Securities initiated coverage on shares of Marathon Gold (OTCMKTS:MGDPFGet Rating) in a report issued on Wednesday, The Fly reports. The brokerage issued a buy rating and a C$2.00 price target on the stock.

Other equities analysts have also issued reports about the stock. National Bank Financial reduced their target price on shares of Marathon Gold from C$3.75 to C$2.50 in a research note on Thursday, July 21st. CIBC reduced their target price on shares of Marathon Gold from C$2.50 to C$2.30 in a research note on Friday, September 2nd. Scotiabank cut their price target on shares of Marathon Gold from C$3.50 to C$3.00 in a research report on Friday, September 2nd. Desjardins cut their price target on shares of Marathon Gold from C$3.75 to C$3.00 in a research report on Friday, September 2nd. Finally, Royal Bank of Canada cut their price target on shares of Marathon Gold from C$4.00 to C$3.50 in a research report on Tuesday, June 14th. Five analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of Buy and a consensus target price of $2.87.

Marathon Gold Stock Down 6.1 %

Shares of OTCMKTS MGDPF opened at $0.71 on Wednesday. Marathon Gold has a 1-year low of $0.71 and a 1-year high of $2.70. The company has a fifty day moving average price of $1.20 and a 200 day moving average price of $1.53.

About Marathon Gold

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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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