Marathon Gold (TSE:MOZ) Stock Crosses Below 50 Day Moving Average of $1.57

Marathon Gold Co. (TSE:MOZGet Rating)’s share price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$1.57 and traded as low as C$1.00. Marathon Gold shares last traded at C$1.00, with a volume of 4,519,488 shares changing hands.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Royal Bank of Canada reduced their target price on Marathon Gold from C$4.00 to C$3.50 and set an “outperform” rating for the company in a research note on Monday, June 13th. National Bankshares dropped their price target on Marathon Gold from C$3.75 to C$2.50 and set an “outperform” rating on the stock in a research report on Thursday, July 21st. CIBC dropped their price target on Marathon Gold from C$2.50 to C$2.30 and set a “neutral” rating on the stock in a research report on Friday, September 2nd. TD Securities assumed coverage on Marathon Gold in a research report on Wednesday. They set a “buy” rating and a C$2.00 price target on the stock. Finally, Raymond James dropped their price target on Marathon Gold from C$2.40 to C$2.00 and set an “outperform” rating on the stock in a research report on Thursday. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$3.05.

Marathon Gold Price Performance

The company has a debt-to-equity ratio of 0.68, a current ratio of 7.28 and a quick ratio of 6.50. The company has a 50-day simple moving average of C$1.55 and a two-hundred day simple moving average of C$1.95. The stock has a market capitalization of C$361.09 million and a price-to-earnings ratio of -27.06.

Marathon Gold (TSE:MOZGet Rating) last issued its earnings results on Thursday, August 11th. The company reported C($0.01) earnings per share for the quarter, hitting the consensus estimate of C($0.01). On average, equities research analysts predict that Marathon Gold Co. will post -0.03 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Julian Kemp sold 25,000 shares of the firm’s stock in a transaction on Friday, July 8th. The stock was sold at an average price of C$1.40, for a total transaction of C$35,005.00. Following the transaction, the director now directly owns 396,500 shares of the company’s stock, valued at C$555,179.30. In related news, Director Julian Kemp sold 25,000 shares of Marathon Gold stock in a transaction dated Friday, July 8th. The shares were sold at an average price of C$1.40, for a total transaction of C$35,005.00. Following the sale, the director now directly owns 396,500 shares in the company, valued at C$555,179.30. Also, Senior Officer Matthew Lamont Manson acquired 29,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 12th. The shares were bought at an average price of C$1.37 per share, for a total transaction of C$39,730.00. Following the completion of the purchase, the insider now owns 729,012 shares of the company’s stock, valued at C$998,746.44. Insiders have sold 58,000 shares of company stock valued at $82,696 over the last three months.

About Marathon Gold

(Get Rating)

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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