View Marathon as a TO target...CIBCs Allison Carson increased her Marathon Gold Corp. (MOZ-T) target to $4.50 from $3.75, exceeding the $4.12 average, with an outperformer rating upon assuming coverage of the stock. Marathon Gold trades at 0.7 times P/NAV, a premium to development peers at 0.5 times P/NAV. We believe that the premium is warranted due to the advanced nature of the project, its location and managements ability to advance the project and exploration upside. There are few projects at this advanced status with as large of a resource, in a politically stable jurisdiction; we continue to view Marathon as a takeout target., she said.