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Marathon Gold (MOZ) Stock Overview

Marathon Gold Corporation acquires, explores for, and develops mineral resource projects in Canada. More details

MOZ fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	0/6
Financial Health	3/6
Dividends	0/6

Rewards

Trading at 95.5% below our estimate of its fair value

Risk Analysis

Makes less than USD$1m in revenue (CA$0)

Earnings are forecast to decline by an average of 30.1% per year for the next 3 years

Shareholders have been diluted in the past year

Currently unprofitable and not forecast to become profitable over the next 3 years

MOZ Community Fair Values

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Marathon Gold Corporation Competitors

Price History & Performance

Summary of share price highs, lows and changes for Marathon Gold
Historical stock prices
Current Share Price	CA$0.77
52 Week High	CA$1.12
52 Week Low	CA$0.49
Beta	1.68
1 Month Change	-6.10%
3 Month Change	48.08%
1 Year Change	-30.00%
3 Year Change	-71.48%
5 Year Change	-13.48%
Change since IPO	-60.31%

Recent updates

Shareholder Returns

	MOZ	CA Metals and Mining	CA Market
7D	1.3%	-7.0%	-1.6%
1Y	-30.0%	44.6%	21.9%

Return vs Industry: MOZ underperformed the Canadian Metals and Mining industry which returned -15.2% over the past year.

Return vs Market: MOZ underperformed the Canadian Market which returned -0.4% over the past year.

Price Volatility

Is MOZ's price volatile compared to industry and market?
MOZ volatility
MOZ Average Weekly Movement	10.0%
Metals and Mining Industry Average Movement	10.6%
Market Average Movement	9.1%
10% most volatile stocks in CA Market	16.1%
10% least volatile stocks in CA Market	3.6%

Stable Share Price: MOZ's share price has been volatile over the past 3 months.

Volatility Over Time: MOZ's weekly volatility (10%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2009	634	Matt Manson	marathon-gold.com

Marathon Gold Corporation acquires, explores for, and develops mineral resource projects in Canada. The company explores for gold, and precious and base metal deposits. Its flagship property is the Valentine Lake gold property with five mineralized deposits located in Central Region of Newfoundland and Labrador, Canada.

Marathon Gold Corporation Fundamentals Summary

How do Marathon Gold's earnings and revenue compare to its market cap?
MOZ fundamental statistics
Market cap	CA$365.95m
Earnings (TTM)	-CA$18.24m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-19.8x

P/E Ratio

Is MOZ overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MOZ income statement (TTM)
Revenue	CA$0
Cost of Revenue	CA$2.21m
Gross Profit	-CA$2.21m
Other Expenses	CA$16.03m
Earnings	-CA$18.24m

Last Reported Earnings

Sep 30, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	-0.039
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	89.1%

How did MOZ perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/01/24 17:45
End of Day Share Price	2024/01/24 00:00
Earnings	2023/09/30
Annual Earnings	2022/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Marathon Gold Corporation is covered by 8 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Michael Curran	Beacon Securities Limited
Anita Soni	CIBC Capital Markets
Michael Carew	Haywood Securities Inc.

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Marathon Gold (MOZ) Stock Overview

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Risk Analysis

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Marathon Gold Corporation Competitors

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Freegold

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Price History & Performance

Recent News & Updates

Marathon Gold Corporation Common Shares to Be Deleted from OTC Equity

Calibre Mining Intends to Delist the Marathon Shares from TSX

New minor risk - Shareholder dilution

Price target decreased by 19% to CA$1.49

Marathon Gold Corporation announced that it has received CAD 40 million in funding from Calibre Mining Corp.

Marathon Gold Corporation Announces Executive Changes

Recent updates

Marathon Gold Corporation Common Shares to Be Deleted from OTC Equity

Calibre Mining Intends to Delist the Marathon Shares from TSX

New minor risk - Shareholder dilution

Price target decreased by 19% to CA$1.49

Marathon Gold Corporation announced that it has received CAD 40 million in funding from Calibre Mining Corp.

Marathon Gold Corporation Announces Executive Changes

Marathon Gold Corporation Provides Progress Report on Major Earthworks At Valentine Gold Project

New major risk - Financial position

Marathon Gold Corporation announced that it has received CAD 6.9 million in funding from Franco-Nevada Corporation

Independent Chairman recently bought CA$156k worth of stock

Marathon Gold Corporation announced that it expects to receive CAD 6.9 million in funding from Franco-Nevada Corporation

Marathon Gold Corporation Announces Executive Changes

Forecast to breakeven in 2025

George Faught, Chairperson of the Board of Directors of Marathon Gold Corporation, Decides Not to Run for Re-Election

Price target increased by 8.9% to CA$1.90

Marathon Gold Corporation Provides Assay Results on the Final Twenty-Six In-Fill Drill Holes Completed During 2022 At the Berry Deposit, Part of the Valentine Gold Project Located in Central Newfoundland

Marathon Gold Reports Additional Positive Infill Drill Results At Berry Deposit, Valentine Gold Project

Marathon Gold Corporation Provides Overview of its Exploration Priorities During Upcoming Two-Year Period of Mine Construction at Valentine Gold Project Located in Central Newfoundland

Marathon Gold Corporation Files Technical Report for the Valentine Gold Project

Price target decreased to CA$1.92

Marathon Gold Corporation Announces Positive Updated Feasibility Study for the Valentine Gold Project

Marathon Gold Corporation Receives Federal Fisheries Act Authorization for the Valentine Gold Project

Marathon Gold Corporation Mobilizes Early Works At Valentine Gold Project

Marathon Gold Corporation Provides Summer 2022 Prospecting Update

Independent Director recently bought CA$98k worth of stock

Price target decreased to CA$2.80

Marathon Gold Corporation Announces Executive Appointments

Marathon Gold Corporation has completed a Composite Units Offering in the amount of CAD 150.0004 million.

Price target decreased to CA$3.06

Marathon Gold Corporation Provides Berry Infill Drill Results

Price target decreased to CA$2.99

Marathon Gold Corporation Makes Construction Decision for the Valentine Gold Project and Provides Project Development Update

Marathon Gold Corporation Announces Completion of Federal Environmental Assessment for Valentine Gold Project

Independent Non-Executive Director recently sold CA$304k worth of stock

Independent Non-Executive Director exercised options to buy CA$228k worth of stock.

Marathon Gold Corporation Achieves Several Key Stakeholder Agreements and Permitting Milestones for the Valentine Gold Project

Independent Non-Executive Director recently bought CA$138k worth of stock

Independent Non-Executive Director exercised options and sold CA$480k worth of stock

Marathon Gold Corporation Announces Updated Mineral Resource Estimate for the Valentine Gold Project

Marathon Gold Corporation Reports First 2022 Drill Results from the Berry and Victory Deposits, Valentine Gold Project

Marathon Gold Corporation Receives Mining Leases for the Valentine Gold Project

Price target decreased to CA$3.53

Marathon Gold Corporation Anticipates Completion of an Updated Mineral Resource Estimate

Marathon Gold Corporation Drafts Environmental Assessment Report

Independent Non-Executive Director exercised options to buy CA$302k worth of stock.

Price target decreased to CA$3.64

Independent Non-Executive Chairman exercised options to buy CA$378k worth of stock.

Marathon Gold Corporation Reports Latest Drill Results from the Berry and Victory Deposits, Valentine Gold Project

Marathon Gold Corporation Provides Update on Development Planning for the Valentine Gold Project Located in the Central Region of Newfoundland and Labrador

Marathon Gold Corporation Reports Latest Drill Results from Berry Deposit, Valentine Gold Project

Marathon Gold Corporation Provides Update on 2021 Reverse Circulation Drill Program At the Valentine Gold Project

Marathon Gold Corporation Reports Latest Drill Assay Results from the Valentine Gold Project in Central Newfoundland

Marathon Gold Reports Additional Berry Infill Drill Results

Marathon Gold Corporation Reports Latest Berry Infill Drill Results

President exercised options and sold CA$1.2m worth of stock

Marathon Gold Provides Valentine Gold Project Development Update

Independent Non-Executive Director exercised options to buy CA$741k worth of stock.

Chief Financial Officer recently sold CA$1.6m worth of stock

Independent Non-Executive Chairman exercised options to buy CA$735k worth of stock.

Marathon Gold Reports Latest Berry Drill Results

Marathon Gold Corporation Reports Latest Berry Drill Results and Provides Update on Exploration