Marathon Gold Co. (TSE:MOZ) is currently receiving a consensus rating of “Moderate Buy” from five research firms covering the stock, according to Marketbeat.com. Out of the five analysts, two have rated the stock as a hold recommendation, while three have assigned a buy recommendation. The average twelve-month price target among these brokerages is C$0.99.
Recent reports from various brokerages have provided insights into Marathon Gold’s performance. Scotiabank lowered their price target on Marathon Gold from C$1.50 to C$0.75, maintaining an “outperform” rating. Desjardins downgraded the stock from a “buy” rating to a “tender” rating, lowering their price target from C$2.25 to C$0.72. Raymond James increased their price target on Marathon Gold from C$0.75 to C$0.80. Lastly, CIBC lowered their price target from C$1.70 to C$0.84 and set a “neutral” rating for the company.
Marathon Gold currently has a market cap of C$380.02 million, with a price-to-earnings ratio of -16.20 and a beta of 1.68. The company’s financial ratios include a current ratio of 1.68, a quick ratio of 8.40, and a debt-to-equity ratio of 96.92. The stock’s fifty-day simple moving average is C$0.76, and its two-hundred day simple moving average is C$0.72. The stock has ranged from a 52-week low of C$0.49 to a 52-week high of C$1.08.
Marathon Gold Corporation is engaged in acquiring, exploring, and developing mineral resource projects in Canada, focusing on gold, and precious and base metal deposits. Their flagship property is the Valentine Lake gold property, with five mineralized deposits located in the Central Region of Newfoundland and Labrador, Canada.
For further analysis and reports on Marathon Gold’s performance, Marketbeat.com offers a comprehensive analysis on the stock. Investors can also stay updated with the latest news and analyst ratings for Marathon Gold by subscribing to MarketBeat.com’s free daily email newsletter.
