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

Marathon Gold Co. (TSE:MOZGet Rating)’s stock price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty 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 trading hands.

Wall Street Analyst Weigh In

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

Marathon Gold Stock Performance

The company has a debt-to-equity ratio of 0.68, a quick ratio of 6.50 and a current ratio of 7.28. The stock’s 50-day simple moving average is C$1.55 and its 200 day simple moving average is C$1.95. The company has a market capitalization of C$361.09 million and a PE ratio of -27.06.

Marathon Gold (TSE:MOZGet Rating) last posted its earnings results on Thursday, August 11th. The company reported C($0.01) earnings per share for the quarter, meeting the consensus estimate of C($0.01). As a group, research analysts expect that Marathon Gold Co. will post -0.03 earnings per share for the current fiscal year.

Insider Activity

In other Marathon Gold news, Director Julian Kemp sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of C$1.45, for a total transaction of C$36,250.00. Following the completion of the sale, the director now directly owns 346,500 shares of the company’s stock, valued at approximately C$502,425. In other Marathon Gold news, Director Julian Kemp sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of C$1.45, for a total transaction of C$36,250.00. Following the completion of the sale, the director now directly owns 346,500 shares of the company’s stock, valued at approximately C$502,425. Also, Senior Officer Matthew Lamont Manson acquired 29,000 shares of Marathon Gold stock in a transaction on Tuesday, July 12th. The shares were bought at an average cost of C$1.37 per share, with a total value of C$39,730.00. Following the completion of the purchase, the insider now owns 729,012 shares in the company, valued at C$998,746.44. In the last three months, insiders sold 58,000 shares of company stock valued at $82,696.

Marathon Gold Company Profile

(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.

See Also

Receive News & Ratings for Marathon Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marathon Gold and related companies with MarketBeat.com's FREE daily email newsletter.