Marathon Gold (TSE:MOZ) Price Target Cut to C$0.75

Marathon Gold (TSE:MOZGet Free Report) had its price objective reduced by equities researchers at Scotiabank from C$1.50 to C$0.75 in a research note issued on Wednesday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Scotiabank’s target price indicates a potential downside of 2.60% from the stock’s current price.

Several other equities analysts have also commented on the stock. CIBC decreased their target price on shares of Marathon Gold from C$1.70 to C$0.84 and set a “neutral” rating on the stock in a report on Tuesday. TD Securities reduced their price target on shares of Marathon Gold from C$1.55 to C$1.45 and set a “speculative buy” rating on the stock in a research note on Thursday, August 17th. National Bankshares reduced their price target on shares of Marathon Gold from C$1.75 to C$1.40 and set an “outperform” rating on the stock in a research note on Monday, October 23rd. Raymond James cut 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 research report on Tuesday. Finally, Desjardins downgraded shares of Marathon Gold from a “buy” rating to a “tender” rating and dropped their price target for the stock from C$2.25 to C$0.72 in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Marathon Gold presently has a consensus rating of “Moderate Buy” and an average target price of C$1.27.

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Marathon Gold Price Performance

MOZ stock opened at C$0.77 on Wednesday. The company has a quick ratio of 8.40, a current ratio of 4.15 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 firm has a market cap of C$309.90 million, a P/E ratio of -38.50 and a beta of 1.49. The company’s 50-day moving average price is C$0.62 and its two-hundred day moving average price is C$0.74.

Marathon Gold Company Profile

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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.

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