Detour Gold Co. (DGC) Given New C$22.50 Price Target at Canaccord Genuity
DGC has been the subject of a number of other research reports. National Bank Financial reaffirmed an outperform spec market weight rating on shares of Detour Gold in a research note on Sunday, July 23rd. CSFB dropped their price objective on shares of Detour Gold from C$19.00 to C$17.50 in a research note on Tuesday, July 18th. Finally, Credit Suisse Group raised shares of Detour Gold from a neutral rating to an outperform rating in a research note on Wednesday, August 2nd. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Detour Gold currently has an average rating of Buy and an average target price of C$21.05.
Shares of Detour Gold (TSE:DGC) traded down 2.13% on Friday, reaching $13.76. 1,199,672 shares of the company’s stock traded hands. Detour Gold has a 52 week low of $13.24 and a 52 week high of $29.38. The stock has a market capitalization of $2.40 billion and a price-to-earnings ratio of 91.73. The stock’s 50-day moving average price is $16.37 and its 200-day moving average price is $16.16.
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In other news, Director Paul Douglas Martin bought 6,250 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was acquired at an average price of C$15.43 per share, for a total transaction of C$96,437.50.
Detour Gold Company Profile
Detour Gold Corporation is a Canada-based intermediate gold producing company. The Company is engaged in the acquisition, exploration, development and operation of mineral property interests. Its primary asset is its Detour Lake mine, which is an open pit operation located in northeastern Ontario, approximately 300 kilometers northeast of Timmins and over 180 kilometers by road northeast of Cochrane.
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