Marathon Gold (OTCMKTS:MGDPF) PT Lowered to C$2.00

Marathon Gold (OTCMKTS:MGDPFGet Rating) had its target price decreased by Raymond James from C$2.40 to C$2.00 in a report released on Thursday morning, The Fly reports.

MGDPF has been the subject of several other research reports. Canaccord Genuity Group reduced their target price on shares of Marathon Gold from C$3.75 to C$3.50 in a report on Friday, September 2nd. National Bank Financial decreased their price objective on Marathon Gold from C$3.75 to C$2.50 in a report on Thursday, July 21st. Scotiabank dropped their target price on Marathon Gold from C$3.50 to C$3.00 in a report on Friday, September 2nd. Desjardins lowered their price objective on Marathon Gold from C$3.75 to C$3.00 in a research report on Friday, September 2nd. Finally, Royal Bank of Canada cut their target price on shares of Marathon Gold from C$4.00 to C$3.50 in a report on Tuesday, June 14th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Marathon Gold currently has an average rating of Buy and an average price target of $2.82.

Marathon Gold Trading Down 3.1 %

Shares of OTCMKTS:MGDPF opened at $0.69 on Thursday. Marathon Gold has a twelve month low of $0.68 and a twelve month high of $2.70. The company’s 50 day moving average is $1.20 and its 200 day moving average is $1.52.

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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