Detour Gold Co. (TSE:DGC) Receives Consensus Rating of “Buy” from Brokerages
Shares of Detour Gold Co. (TSE:DGC) have been assigned a consensus rating of “Buy” from the seventeen ratings firms that are covering the stock. Two equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$25.03.
A number of equities analysts recently commented on the stock. Canaccord Genuity cut shares of Detour Gold from a “buy” rating to a “hold” rating in a research report on Tuesday, July 12th. Royal Bank Of Canada raised their price target on shares of Detour Gold from C$27.00 to C$35.00 and gave the stock an “outperform” rating in a report on Tuesday, June 14th. National Bank Financial reissued an “outperform” rating on shares of Detour Gold in a report on Monday, June 27th. TD Securities cut their price target on shares of Detour Gold to C$40.00 and set a “buy” rating on the stock in a report on Thursday, September 8th. Finally, Desjardins reissued a “buy” rating and issued a C$36.50 price target on shares of Detour Gold in a report on Friday, July 29th.
Shares of Detour Gold (TSE:DGC) traded down 1.40% during trading on Monday, hitting $22.55. 1,353,099 shares of the stock traded hands. The company has a 50 day moving average price of $20.63 and a 200 day moving average price of $16.55. Detour Gold has a 12 month low of $12.45 and a 12 month high of $35.93. The firm’s market cap is $3.93 billion.
About Detour Gold
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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