Shares of Marathon Gold Co. (OTCMKTS:MGDPF) have been assigned an average recommendation of “Buy” from the eleven ratings firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $4.22.
MGDPF has been the subject of a number of recent research reports. Beacon Securities downgraded Marathon Gold to a “hold” rating in a research report on Friday, June 18th. Desjardins assumed coverage on shares of Marathon Gold in a research note on Friday, May 21st. They set a “buy” rating for the company. Scotiabank lifted their target price on Marathon Gold from $3.25 to $3.50 and gave the company an “outperform” rating in a research report on Tuesday, April 6th. National Bank Financial upped their target price on Marathon Gold from C$4.00 to C$4.25 and gave the stock an “outperform” rating in a report on Friday, July 16th. Finally, CIBC decreased their price target on Marathon Gold from $4.00 to $3.75 and set an “outperform” rating for the company in a research note on Wednesday, March 31st.
Shares of MGDPF stock traded up $0.09 on Thursday, hitting $2.48. 19,000 shares of the stock were exchanged, compared to its average volume of 94,012. Marathon Gold has a fifty-two week low of $0.65 and a fifty-two week high of $3.00. The business has a 50-day moving average of $2.59.
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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