Marathon Gold (TSE:MOZ) Stock Price Crosses Below Fifty Day Moving Average of $1.57

Marathon Gold Co. (TSE:MOZGet Rating)’s share price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$1.57 and traded as low as C$1.00. Marathon Gold shares last traded at C$1.00, with a volume of 4,519,488 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on MOZ shares. National Bankshares dropped their target price on Marathon Gold from C$3.75 to C$2.50 and set an “outperform” rating for the company in a report on Thursday, July 21st. TD Securities dropped their target price on Marathon Gold from C$2.75 to C$2.50 and set a “speculative buy” rating for the company in a report on Friday, September 2nd. CIBC dropped their target price on Marathon Gold from C$2.50 to C$2.30 and set a “neutral” rating for the company in a report on Friday, September 2nd. Royal Bank of Canada dropped their target price on Marathon Gold from C$4.00 to C$3.50 and set an “outperform” rating for the company in a report on Monday, June 13th. Finally, Raymond James dropped their target price on Marathon Gold from C$2.85 to C$2.40 and set an “outperform” rating for the company in a report on Friday, September 2nd. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Marathon Gold currently has a consensus rating of “Moderate Buy” and a consensus target price of C$3.16.

Marathon Gold Stock Performance

The company has a debt-to-equity ratio of 0.68, a current ratio of 7.28 and a quick ratio of 6.50. The stock has a 50-day simple moving average of C$1.57 and a 200-day simple moving average of C$1.97. The stock has a market cap of C$256.13 million and a P/E ratio of -29.41.

Marathon Gold (TSE:MOZGet Rating) last released its earnings results on Thursday, August 11th. The company reported C($0.01) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C($0.01). Research analysts forecast that Marathon Gold Co. will post -0.03 earnings per share for the current year.

Insider Buying and Selling at Marathon Gold

In other Marathon Gold news, Director Julian Kemp sold 25,000 shares of Marathon Gold stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of C$1.45, for a total value of C$36,250.00. Following the transaction, the director now owns 346,500 shares in the company, valued at C$502,425. In other Marathon Gold news, Director Julian Kemp sold 25,000 shares of Marathon Gold stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of C$1.45, for a total value of C$36,250.00. Following the transaction, the director now owns 346,500 shares in the company, valued at C$502,425. Also, Senior Officer Matthew Lamont Manson bought 29,000 shares of the firm’s stock in a transaction on Tuesday, July 12th. The stock was acquired at an average price of C$1.37 per share, for a total transaction of C$39,730.00. Following the transaction, the insider now owns 729,012 shares of the company’s stock, valued at C$998,746.44. Insiders have sold a total of 58,000 shares of company stock worth $82,696 over the last 90 days.

About Marathon Gold

(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.

Featured Articles

Receive News & Ratings for Marathon Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marathon Gold and related companies with MarketBeat.com's FREE daily email newsletter.