Marathon Gold (OTCMKTS:MGDPF) Price Target Cut to C$3.00

Marathon Gold (OTCMKTS:MGDPFGet Rating) had its target price reduced by Desjardins from C$3.75 to C$3.00 in a report released on Friday morning, The Fly reports.

Several other brokerages have also recently commented on MGDPF. TD Securities dropped their target price on shares of Marathon Gold from C$2.75 to C$2.50 in a research report on Friday. Canaccord Genuity Group cut their target price on Marathon Gold from C$3.60 to C$3.50 and set a buy rating for the company in a research note on Friday, July 8th. Royal Bank of Canada decreased their price target on Marathon Gold from C$4.00 to C$3.50 in a research note on Tuesday, June 14th. Canaccord Genuity Group assumed coverage on Marathon Gold in a research report on Tuesday, May 10th. They set a buy rating and a $3.60 price objective for the company. Finally, Raymond James decreased their target price on Marathon Gold from C$2.85 to C$2.40 in a research report on Friday. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Marathon Gold presently has an average rating of Buy and an average price target of $2.92.

Marathon Gold Stock Performance

Shares of OTCMKTS MGDPF opened at $1.04 on Friday. The stock’s fifty day moving average is $1.25 and its 200 day moving average is $1.68. Marathon Gold has a 52 week low of $0.86 and a 52 week high of $2.97.

About Marathon Gold

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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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