Marathon Gold Corp T.MOZ

Raymond James lowered its target ?

[Ridgeback]

11:36 AM EDT, 04/13/2022 (MT Newswires) -- Raymond James lowered its target price on Marathon Gold Corp. (MOZ.TO) to $3.25 from $3.50.

Analyst Craig Stanley maintained an Outperform rating on shares of the Canadian precious metals miner.

Stanley's target adjustment follows Marathon's development update that included a forecast for higher costs and a delay in first gold production.

The analyst said Marathon is advancing the Valentine Gold Project, the largest gold project in Newfoundland with a resource base of 4.8 million ounces.

"We have pushed back first gold by two quarters to 1Q25 and increased our cost assumptions," Stanley said in a note to clients. "As well, we have increased our modelled equity financing from $100 Million to $125 Million."

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

Price: 2.82, Change: +0.05, Percent Change: +1.81

[metalhead666]

Analysts suk or they wouldn't be working for a living.  In 2 years when the central banks are back to QE desparate to pull the global economy out of a recession/depression, gold will be $3000 and MOZ will be well on its way to cranking out 150,000 ounces plus per year....if it's not bought out by then. The stock will be multiples of its current price.  This is when most people

[Ridgeback]

I'm in the same boat patience and see undervaled opportunity. It's always nice to see what the Analyst ( Pengiuns ) have to say. They have to say something but for all of us here the story is in the final chapaters. No brainer right now to see inflation hurst us all and the mad Russian has added to the fires. However as you say Mettelhead Au can only go higher assuming inflation continues