Scotiabank Increases Marathon Gold (OTCMKTS:MGDPF) Price Target to $3.50

Marathon Gold (OTCMKTS:MGDPF) had its price target hoisted by Scotiabank from $3.25 to $3.50 in a report released on Tuesday, The Fly reports. The firm currently has an “outperform” rating on the stock. Scotiabank’s price objective would suggest a potential upside of 77.04% from the stock’s current price.

Other analysts also recently issued research reports about the stock. TD Securities decreased their price objective on shares of Marathon Gold from $4.25 to $4.00 and set a “buy” rating for the company in a report on Wednesday, March 31st. Raymond James raised their price objective on shares of Marathon Gold from $2.85 to $3.50 and gave the stock an “outperform” rating in a report on Friday, January 15th. Finally, CIBC decreased their price objective on shares of Marathon Gold from $4.00 to $3.75 and set an “outperform” rating for the company in a report on Wednesday, March 31st. Eight research analysts have rated the stock with a buy rating, Marathon Gold currently has a consensus rating of “Buy” and an average price target of $4.03.

Shares of MGDPF stock opened at $1.98 on Tuesday. The firm has a 50-day moving average of $1.98 and a 200-day moving average of $2.02. Marathon Gold has a one year low of $0.65 and a one year high of $2.74.

About Marathon Gold

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 located in Newfoundland and Labrador, Canada. The company was incorporated in 2009 and is headquartered in Toronto, Canada.

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Analyst Recommendations for Marathon Gold (OTCMKTS:MGDPF)

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