FY2020 Earnings Forecast for Marathon Gold Corp (TSE:MOZ) Issued By Raymond James
Marathon Gold Corp (TSE:MOZ) – Research analysts at Raymond James reduced their FY2020 earnings estimates for Marathon Gold in a research note issued to investors on Wednesday, September 23rd. Raymond James analyst C. Stanley now forecasts that the company will earn ($0.02) per share for the year, down from their previous forecast of ($0.01). Raymond James currently has a “Outperform” rating and a $2.85 target price on the stock. Raymond James also issued estimates for Marathon Gold’s FY2021 earnings at ($0.02) EPS.
Marathon Gold (TSE:MOZ) last released its earnings results on Wednesday, August 12th. The company reported C($0.01) EPS for the quarter, meeting the consensus estimate of C($0.01).
MOZ stock opened at C$2.12 on Monday. The company has a quick ratio of 24.88, a current ratio of 25.02 and a debt-to-equity ratio of 0.44. Marathon Gold has a 12 month low of C$0.71 and a 12 month high of C$2.62. The firm has a market cap of $435.87 million and a P/E ratio of -68.39. The company’s 50-day moving average price is C$2.35 and its two-hundred day moving average price is C$1.79.
In related news, Director Julian Kemp sold 29,000 shares of Marathon Gold stock in a transaction that occurred on Friday, July 10th. The shares were sold at an average price of C$2.07, for a total transaction of C$60,030.00. Following the sale, the director now directly owns 214,500 shares in the company, valued at approximately C$444,015. Also, Director Phillip Charles Walford sold 200,000 shares of Marathon Gold stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of C$1.97, for a total transaction of C$394,000.00. Following the sale, the director now owns 4,651,612 shares in the company, valued at C$9,163,675.64. Over the last 90 days, insiders sold 444,000 shares of company stock worth $974,780.
Marathon Gold Company Profile
Marathon Gold Corporation engages in the acquisition, exploration, and development of mineral resource projects in Canada and the United States. The company explores for gold and base metal deposits. Its principal property is the Valentine Lake gold property with 14 contiguous mineral licenses covering an area of 240 km2 located in Newfoundland.
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