Globe articleThe Globe and Mail reports in its Saturday, Sept. 24, edition that CIBC World Markets analyst Allison Carson has reaffirmed her "outperformer" call for Marathon Gold.
The Globe's David Leeder writes that Ms. Carson bumped her share target up by 75 cents to $4.50. Analysts on average target the shares at $4.12. Ms. Carson says in a note: "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 management's 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."
The Globe reported on May 21 that Desjardins Securities analyst John Sclodnick rated Marathon Gold "buy" in new coverage, with a $4.06 share target. The shares could then be had for $3.08.
The Globe reported on June 3 that RBC analysts Wayne Lam and Michael Siperco rated Marathon Gold "outperform" in new coverage. In the item, Mr. Lam said, "We believe Marathon is one of the most attractive advanced stage developers today." It was then worth $3.03.
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Not much change since those predictions so I assume MOZ is a good buy with some upside to those targets pending some positive news coming down the pipeline.