Marathon Gold Co. (TSE:MOZ) Given Average Rating of “Moderate Buy” by Analysts

Shares of Marathon Gold Co. (TSE:MOZ – Get Rating) have received a consensus rating of “Buy” from the nine ratings firms that are currently covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a buy rating. The average 1-year price objective among brokerages that have covered the stock in the last year is C$2.90.

Several research analysts recently weighed in on the stock. CIBC dropped their target price on shares of Marathon Gold from C$2.30 to C$1.75 in a report on Wednesday, September 28th. TD Securities assumed coverage on shares of Marathon Gold in a report on Wednesday, September 21st. They issued a “buy” rating and a C$2.00 target price for the company. National Bankshares dropped their target price on shares of Marathon Gold from C$3.75 to C$2.50 and set an “outperform” rating for the company in a report on Thursday, July 21st. Raymond James dropped their target price on shares of Marathon Gold from C$2.40 to C$2.00 and set an “outperform” rating for the company in a report on Thursday, September 22nd. Finally, Royal Bank of Canada dropped their target price on shares of Marathon Gold from C$4.00 to C$3.50 and set an “outperform” rating for the company in a report on Monday, June 13th.

Insider Buying and Selling at Marathon Gold

In related news, Senior Officer Matthew Lamont Manson acquired 29,000 shares of the company’s stock in a transaction on Tuesday, July 12th. The stock was acquired at an average price of C$1.37 per share, with a total value of C$39,730.00. Following the acquisition, the insider now directly owns 729,012 shares of the company’s stock, valued at C$998,746.44. In related news, Director Julian Kemp sold 25,000 shares of the stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of C$1.45, for a total value of C$36,250.00. Following the completion of the transaction, the director now owns 346,500 shares of the company’s stock, valued at approximately C$502,425. Also, Senior Officer Matthew Lamont Manson purchased 29,000 shares of the stock in a transaction that occurred on Tuesday, July 12th. The stock was acquired at an average cost of C$1.37 per share, with a total value of C$39,730.00. Following the acquisition, the insider now owns 729,012 shares in the company, valued at approximately C$998,746.44.

Marathon Gold Price Performance

Shares of MOZ opened at C$0.97 on Friday. The firm has a market cap of C$381.50 million and a PE ratio of -28.53. The company has a current ratio of 7.28, a quick ratio of 6.50 and a debt-to-equity ratio of 0.68. The firm has a fifty day simple moving average of C$1.44 and a two-hundred day simple moving average of C$1.80. Marathon Gold has a 1-year low of C$0.83 and a 1-year high of C$3.40.

Marathon Gold (TSE:MOZ – Get Rating) last posted its quarterly earnings data on Thursday, August 11th. The company reported C($0.01) EPS for the quarter, hitting the consensus estimate of C($0.01). On average, equities analysts anticipate that Marathon Gold will post -0.03 EPS for the current year.

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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