Marathon Gold (TSE:MOZ) Price Target Cut to C$0.75 by Analysts at Scotiabank

Marathon Gold (TSE:MOZ) had its price objective trimmed by Scotiabank from C$1.50 to C$0.75 in a research note released on Wednesday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other equities analysts also recently commented on the stock. National Bankshares lowered their target price on shares of Marathon Gold from C$1.75 to C$1.40 and set an outperform rating on the stock in a research report on Monday, October 23rd. Raymond James lowered their target price on shares of Marathon Gold from C$1.50 to C$0.75 and set a market perform rating on the stock in a research report on Tuesday, November 14th. Desjardins downgraded shares of Marathon Gold from a buy rating to a tender rating and lowered their target price for the stock from C$2.25 to C$0.72 in a research report on Wednesday. TD Securities lowered their target price on shares of Marathon Gold from C$1.55 to C$1.45 and set a speculative buy rating on the stock in a research report on Thursday, August 17th. Finally, CIBC lowered their target price on shares of Marathon Gold from C$1.70 to C$0.84 and set a neutral rating on the stock in a research report on Tuesday, November 14th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus price target of C$1.27.

Marathon Gold Trading Up 2.6 %

TSE MOZ opened at C$0.79 on Wednesday. Marathon Gold has a 1-year low of C$0.49 and a 1-year high of C$1.25. The company has a current ratio of 4.15, a quick ratio of 8.40 and a debt-to-equity ratio of 89.78. The company has a market capitalization of C$317.95 million, a PE ratio of -39.50 and a beta of 1.49. The firm’s fifty day simple moving average is C$0.62 and its 200-day simple moving average is C$0.74.

Marathon Gold Company Profile

Marathon Gold Corporation acquires, explores for, and develops 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 five mineralized deposits located in Central Region of Newfoundland and Labrador, Canada.