Marathon Gold (TSE:MOZ) had its target price raised by analysts at Royal Bank Of Canada from C$1.70 to C$1.80 in a research report issued on Friday. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price would indicate a potential upside of 80.00% from the stock’s current price.

Shares of Marathon Gold (TSE:MOZ) opened at C$1.00 on Friday. Marathon Gold has a fifty-two week low of C$0.45 and a fifty-two week high of C$1.36.

In related news, Director Phillip Charles Walford acquired 100,000 shares of the company’s stock in a transaction on Wednesday, September 20th. The stock was purchased at an average cost of C$1.18 per share, with a total value of C$118,000.00. Also, Director George D. Faught acquired 50,000 shares of the company’s stock in a transaction on Wednesday, October 4th. The stock was bought at an average cost of C$1.05 per share, with a total value of C$52,500.00. Over the last three months, insiders have purchased 1,412,000 shares of company stock valued at $1,439,290.

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About Marathon Gold

Marathon Gold Corp (Marathon) is a Canada-based company engaged in the acquisition, exploration and development of natural resource properties located in North America. The Company’s projects include Valentine gold Camp, Baie Verte gold property, The Bonanza Mine and The Gold Reef property. The Valentine Gold Camp is in west central Newfoundland and includes over four zones with existing mineral resources, the Leprechaun, Marathon, Sprite and Victory Deposits.

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