CIBC Reaffirms Outperform Rating for Marathon Gold (TSE:MOZ)


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CIBC reaffirmed their outperform rating on shares of Marathon Gold (TSE:MOZ) in a research note published on Thursday morning, Stock Target Advisor reports. The brokerage currently has a C$3.75 target price on the stock.

MOZ has been the subject of several other reports. Scotiabank raised their price objective on Marathon Gold from C$2.75 to C$3.25 in a research note on Monday, January 11th. Raymond James reiterated an outperform rating and issued a C$3.50 price target on shares of Marathon Gold in a report on Wednesday. National Bank Financial reiterated an outperform spec overweight rating on shares of Marathon Gold in a report on Wednesday, January 20th. TD Securities reduced their price target on Marathon Gold from C$4.25 to C$4.00 and set a speculative buy rating on the stock in a report on Wednesday, March 31st. Finally, Canaccord Genuity increased their price target on Marathon Gold from C$4.00 to C$4.24 in a report on Tuesday, February 9th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company. Marathon Gold currently has a consensus rating of Buy and a consensus target price of C$3.78.

Marathon Gold stock traded down C$0.03 during midday trading on Thursday, reaching C$2.57. 69,069 shares of the stock traded hands, compared to its average volume of 896,424. The stock’s fifty day moving average is C$2.40 and its 200-day moving average is C$2.61. Marathon Gold has a 12 month low of C$1.44 and a 12 month high of C$3.35. The stock has a market cap of C$545.44 million and a P/E ratio of -65.00. The company has a quick ratio of 18.96, a current ratio of 19.18 and a debt-to-equity ratio of 0.47.

Marathon Gold (TSE:MOZ) last posted its quarterly earnings data on Friday, March 26th. The company reported C($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of C($0.01). On average, equities analysts predict that Marathon Gold will post -0.05 EPS for the current fiscal year.

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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