Marathon Gold (OTCMKTS:MGDPF) PT Lowered to C$2.25 at Scotiabank

Marathon Gold (OTCMKTS:MGDPFGet Rating) had its price target cut by stock analysts at Scotiabank from C$3.00 to C$2.25 in a research report issued on Friday, The Fly reports.

Other equities analysts also recently issued research reports about the company. Desjardins cut their target price on Marathon Gold from C$3.75 to C$3.00 in a research report on Friday, September 2nd. Raymond James cut their target price on Marathon Gold from C$2.40 to C$2.00 in a research report on Thursday. TD Securities began coverage on Marathon Gold in a research report on Wednesday. They issued a “buy” rating and a C$2.00 price objective for the company. National Bank Financial cut their price objective on Marathon Gold from C$3.75 to C$2.50 in a research report on Thursday, July 21st. Finally, Royal Bank of Canada cut their price objective on Marathon Gold from C$4.00 to C$3.50 in a research report on Tuesday, June 14th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $2.74.

Marathon Gold Price Performance

Shares of Marathon Gold stock traded down $0.02 during midday trading on Friday, hitting $0.69. 78,186 shares of the company were exchanged, compared to its average volume of 52,130. Marathon Gold has a 52 week low of $0.68 and a 52 week high of $2.70. The firm has a 50 day simple moving average of $1.20 and a 200-day simple moving average of $1.52.

Marathon Gold Company Profile

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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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Analyst Recommendations for Marathon Gold (OTCMKTS:MGDPF)

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