Analysts Set Marathon Gold Co. (TSE:MOZ) PT at C$1.46

Marathon Gold Co. (TSE:MOZ) has been given an average rating of “Moderate Buy” by the six analysts that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is C$1.27.

A number of equities research analysts have issued reports on MOZ shares. Raymond James lowered their target price on shares of Marathon Gold from C$1.50 to C$0.75 and set a “market perform” rating on the stock in a report on Tuesday. National Bankshares lowered their target price on shares of Marathon Gold from C$1.75 to C$1.40 and set an “outperform” rating on the stock in a report on Monday, October 23rd. Desjardins cut shares of Marathon Gold from a “buy” rating to a “tender” rating and lowered their target price for the company from C$2.25 to C$0.72 in a report on Wednesday. TD Securities lowered their target price on shares of Marathon Gold from C$1.55 to C$1.45 and set a “speculative buy” rating on the stock in a report on Thursday, August 17th. Finally, Scotiabank lowered their target price on shares of Marathon Gold from C$1.50 to C$0.75 and set an “outperform” rating on the stock in a report on Wednesday.

Marathon Gold Trading Up 10.0 %

TSE:MOZ opened at C$0.77 on Tuesday. The firm’s 50 day moving average is C$0.62 and its 200 day moving average is C$0.74. The company has a current ratio of 4.15, a quick ratio of 8.40 and a debt-to-equity ratio of 89.78. Marathon Gold has a 12 month low of C$0.49 and a 12 month high of C$1.25. The stock has a market capitalization of C$309.90 million, a PE ratio of -38.50 and a beta of 1.49.

Marathon Gold Company Profile

Marathon Gold Corporation acquires, explores for, and develops 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 five mineralized deposits located in Central Region of Newfoundland and Labrador, Canada.