Marathon Gold (TSE:MOZ) had its target price boosted by analysts at National Bank Financial from C$1.90 to C$2.00 in a report issued on Monday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s target price indicates a potential upside of 25.00% from the stock’s previous close.
Separately, Canaccord Genuity boosted their price objective on Marathon Gold from C$1.80 to C$2.00 in a report on Thursday, July 25th.
Shares of TSE MOZ traded down C$0.06 during midday trading on Monday, hitting C$1.60. 232,164 shares of the stock traded hands, compared to its average volume of 211,288. The company has a market cap of $296.82 million and a PE ratio of -72.73. Marathon Gold has a one year low of C$0.65 and a one year high of C$1.68. The business has a 50 day moving average price of C$1.42 and a two-hundred day moving average price of C$1.18. The company has a debt-to-equity ratio of 0.03, a quick ratio of 10.06 and a current ratio of 10.10.
Marathon Gold Corporation engages in the acquisition, exploration, and development of mineral resource projects in Canada and the United States. The company explores for gold and base metal deposits. Its principal property is the Valentine Lake gold property with 14 contiguous mineral licenses covering an area of 240 km2 located in Newfoundland.
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