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Marathon Gold Co. Expected to Post FY2022 Earnings of ($0.03) Per Share (TSE:MOZ)

Marathon Gold Co. (TSE:MOZGet Rating) – National Bank Financial upped their FY2022 earnings per share (EPS) estimates for Marathon Gold in a note issued to investors on Tuesday, September 20th. National Bank Financial analyst D. Demarco now expects that the company will post earnings of ($0.03) per share for the year, up from their prior forecast of ($0.05). The consensus estimate for Marathon Gold’s current full-year earnings is ($0.03) per share. National Bank Financial also issued estimates for Marathon Gold’s FY2023 earnings at ($0.05) EPS and FY2024 earnings at ($0.05) EPS.

MOZ has been the topic of a number of other research reports. Raymond James cut their price objective 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. TD Securities assumed coverage on Marathon Gold in a report on Wednesday. They issued a “buy” rating and a C$2.00 target price on the stock. National Bankshares dropped their target price on 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. 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 for the company in a research note on Monday, June 13th. Finally, CIBC decreased their price objective on shares of Marathon Gold from C$2.50 to C$2.30 and set a “neutral” rating for the company in a research note on Friday, September 2nd. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$3.05.

Marathon Gold Stock Down 3.2 %

Marathon Gold stock opened at C$0.92 on Friday. Marathon Gold has a twelve month low of C$0.92 and a twelve month high of C$3.40. The stock’s fifty day simple moving average is C$1.55 and its 200-day simple moving average is C$1.95. 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 market capitalization of C$361.09 million and a P/E ratio of -27.06.

Marathon Gold (TSE:MOZGet Rating) last posted its quarterly earnings data on Thursday, August 11th. The company reported C($0.01) earnings per share for the quarter, hitting analysts’ consensus estimates of C($0.01).

Insider Activity

In other Marathon Gold news, Director Julian Kemp sold 25,000 shares of the business’s stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of C$1.45, for a total transaction of C$36,250.00. Following the completion of the transaction, the director now directly owns 346,500 shares of the company’s stock, valued at approximately C$502,425. In other news, Director Julian Kemp sold 25,000 shares of the company’s stock in a transaction that occurred on 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 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 bought 29,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 12th. The stock was acquired at an average price of C$1.37 per share, for a total transaction of C$39,730.00. Following the completion of the acquisition, the insider now directly 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.

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Earnings History and Estimates for Marathon Gold (TSE:MOZ)

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