Detour Gold Co. (DGC) PT Raised to C$23.00
Detour Gold Co. (TSE:DGC) had its price target raised by Canaccord Genuity from C$21.00 to C$23.00 in a research note released on Friday. They currently have a buy rating on the mining company’s stock.
Several other equities research analysts also recently commented on DGC. TD Securities reiterated a buy rating and issued a C$22.00 price objective on shares of Detour Gold in a report on Tuesday, April 25th. Scotiabank reiterated an outperform rating and issued a C$21.00 price objective on shares of Detour Gold in a report on Friday, April 28th. CSFB reduced their price objective on Detour Gold from C$19.00 to C$17.50 in a report on Tuesday, July 18th. Finally, National Bank Financial reiterated an outperform spec market weight rating on shares of Detour Gold in a report on Sunday, July 23rd. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of C$21.10.
Detour Gold (TSE:DGC) opened at 15.68 on Friday. The stock has a market capitalization of $2.74 billion and a P/E ratio of 104.53. Detour Gold has a one year low of $13.71 and a one year high of $35.40. The company has a 50 day moving average of $14.94 and a 200-day moving average of $16.53.
In other news, insider Julie Galloway sold 16,601 shares of Detour Gold stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of C$18.09, for a total transaction of C$300,312.09. Also, insider Pierre Beaudoin acquired 10,000 shares of the stock in a transaction dated Wednesday, June 28th. The shares were bought at an average cost of C$15.10 per share, for a total transaction of C$151,000.00.
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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