TD Securities Initiates Coverage on Marathon Gold (TSE:MOZ)

Stock analysts at TD Securities assumed coverage on shares of Marathon Gold (TSE:MOZGet Rating) in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. The brokerage set a “buy” rating and a C$2.00 price target on the stock. TD Securities’ price objective suggests a potential upside of 117.39% from the company’s previous close.

MOZ has been the subject of several other reports. CIBC lowered their target price on shares of Marathon Gold from C$2.50 to C$2.30 and set a “neutral” rating for the company in a report on Friday, September 2nd. Raymond James lowered their target price on shares of Marathon Gold from C$2.85 to C$2.40 and set an “outperform” rating for the company in a report on Friday, September 2nd. National Bankshares lowered their target price on shares of Marathon Gold from C$3.75 to C$2.50 and set an “outperform” rating for the company in a report on Thursday, July 21st. Finally, Royal Bank of Canada lowered their target price on shares of Marathon Gold from C$4.00 to C$3.50 and set an “outperform” rating for the company in a report on Monday, June 13th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$3.05.

Marathon Gold Stock Performance

Shares of MOZ opened at C$0.92 on Wednesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 7.28 and a quick ratio of 6.50. Marathon Gold has a one year low of C$0.92 and a one year high of C$3.40. The company has a 50-day simple moving average of C$1.55 and a two-hundred day simple moving average of C$1.95. The firm has a market capitalization of C$361.09 million and a PE ratio of -27.06.

Marathon Gold (TSE:MOZGet Rating) last issued its quarterly earnings data on Thursday, August 11th. The company reported C($0.01) EPS for the quarter, hitting the consensus estimate of C($0.01). On average, analysts anticipate that Marathon Gold will post -0.03 EPS for the current fiscal year.

Insider Activity at Marathon Gold

In related news, Director Julian Kemp sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, July 8th. The shares were sold at an average price of C$1.40, for a total transaction of C$35,005.00. Following the completion of the sale, the director now owns 396,500 shares of the company’s stock, valued at C$555,179.30. In other Marathon Gold news, Director Julian Kemp sold 25,000 shares of Marathon Gold stock in a transaction that occurred on Friday, July 8th. The shares were sold at an average price of C$1.40, for a total value of C$35,005.00. Following the completion of the sale, the director now owns 396,500 shares of the company’s stock, valued at approximately C$555,179.30. Also, Senior Officer Matthew Lamont Manson bought 29,000 shares of the business’s stock in a transaction on Tuesday, July 12th. The stock was bought at an average cost of C$1.37 per share, with a total value of C$39,730.00. Following the transaction, the insider now owns 729,012 shares in the company, valued at approximately C$998,746.44. Insiders sold 58,000 shares of company stock valued at $82,696 over the last 90 days.

About Marathon Gold

(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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Analyst Recommendations for Marathon Gold (TSE:MOZ)

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