Marathon Gold (TSE:MOZ – Get Rating) had its target price dropped by research analysts at TD Securities from C$3.50 to C$2.75 in a note issued to investors on Thursday, BayStreet.CA reports. TD Securities’ target price points to a potential upside of 93.66% from the company’s current price.
Several other equities research analysts have also weighed in on MOZ. Raymond James set a C$3.25 price objective on Marathon Gold and gave the stock an “outperform” rating in a research note on Friday, April 22nd. Canaccord Genuity Group assumed coverage on Marathon Gold in a research note on Tuesday, May 10th. They set a “buy” rating and a C$3.60 price objective for the company. Royal Bank of Canada reduced their price objective on Marathon Gold from C$4.00 to C$3.50 and set an “outperform” rating for the company in a research note on Monday, June 13th. CIBC reduced their price objective on Marathon Gold from C$4.25 to C$4.00 and set an “outperform” rating for the company in a research note on Wednesday, April 13th. Finally, National Bankshares decreased their target price on Marathon Gold from C$4.50 to C$3.75 in a research report on Wednesday, April 20th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, Marathon Gold presently has a consensus rating of “Buy” and an average price target of C$3.67.
Shares of MOZ stock traded up C$0.09 during mid-day trading on Thursday, hitting C$1.42. 488,992 shares of the stock traded hands, compared to its average volume of 409,070. Marathon Gold has a twelve month low of C$1.12 and a twelve month high of C$3.73. The firm has a market cap of C$362.72 million and a price-to-earnings ratio of -42.06. The company’s 50-day simple moving average is C$1.80 and its 200-day simple moving average is C$2.50. The company has a debt-to-equity ratio of 0.69, a quick ratio of 7.68 and a current ratio of 8.36.
Marathon Gold (TSE:MOZ – Get Rating) last released its quarterly earnings data on Thursday, May 12th. The company reported C($0.01) earnings per share for the quarter, hitting the consensus estimate of C($0.01). Analysts forecast that Marathon Gold will post -0.03 earnings per share for the current year.
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.