Marathon Gold (TSE:MOZ) Price Target Increased to C$3.00 by Analysts at National Bank Financial

Marathon Gold (TSE:MOZ) had its price objective raised by National Bank Financial from C$2.25 to C$3.00 in a research note released on Wednesday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other equities research analysts also recently commented on MOZ. Raymond James set a C$2.30 price target on shares of Marathon Gold and gave the stock an outperform rating in a report on Thursday, July 23rd. Beacon Securities reiterated a buy rating on shares of Marathon Gold in a report on Tuesday, April 14th. Canaccord Genuity boosted their target price on shares of Marathon Gold from C$2.50 to C$3.00 in a report on Friday, April 24th. Finally, TD Securities restated a speculative buy rating and issued a C$2.75 target price on shares of Marathon Gold in a report on Thursday, July 9th.

Shares of TSE MOZ opened at C$2.30 on Wednesday. The company has a market cap of $467.51 million and a PE ratio of -88.46. Marathon Gold has a 12 month low of C$0.71 and a 12 month high of C$2.55. The company has a debt-to-equity ratio of 0.58, a current ratio of 8.39 and a quick ratio of 8.27. The company has a 50-day simple moving average of C$1.92 and a 200-day simple moving average of C$1.56.

In other Marathon Gold news, Director Julian Kemp sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 14th. The shares were sold at an average price of C$2.05, for a total transaction of C$30,750.00. Following the completion of the sale, the director now directly owns 191,500 shares in the company, valued at C$392,575. Also, Director Phillip Charles Walford sold 200,000 shares of the business’s stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of C$2.45, for a total transaction of C$490,000.00. Following the sale, the director now owns 4,451,612 shares of the company’s stock, valued at C$10,906,449.40. Over the last 90 days, insiders sold 1,744,000 shares of company stock valued at $2,982,780.

Marathon Gold Company Profile

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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