Marlin Gold Mining (MLN) Receives a Buy from Noble Financial

By Jason Carr

Wall Street analyst has provided a review for the Materials company today, but retained the same rating on the stock. Noble Financial’s analyst Mark Reichman reiterates their Buy rating on the shares of Marlin Gold Mining (TSXV: MLN), with a C$0.40 price target.

According to TipRanks.com, Reichman has 0 stars on 0-5 star ranking scale with an average return of -12.0% and a 6.3% success rate. Reichman covers the Basic Materials sector, focusing on stocks such as Endeavour Silver Corp, Great Panther Silver, and Avino Silver & Gold.

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Currently, the analyst consensus on Marlin Gold Mining is a Moderate Buy with an average price target of C$0.40.

Marlin Gold Mining’s market cap is currently C$43.75M and has a P/E ratio of 0. The company has a Price to Book ratio of -1.71.

Marlin Gold Mining Ltd. operates as a gold and silver mining company. It engages in the exploration, development, and production of gold in the Americas. The company was founded on June 9, 2000 and is headquartered in Vancouver, Canada.

The company’s shares closed on Wednesday at C$0.22, equals to its 52-week low of C$0.22.