Analysts Set Detour Gold Co. (DGC) Price Target at $25.03
Detour Gold Co. (TSE:DGC) has earned a consensus recommendation of “Buy” from the seventeen brokerages that are currently covering the stock. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is C$25.03.
Several research firms recently issued reports on DGC. Canaccord Genuity lowered Detour Gold from a “buy” rating to a “hold” rating in a report on Tuesday, July 12th. Scotiabank dropped their target price on Detour Gold to C$39.00 and set an “outperform” rating on the stock in a report on Thursday, September 8th. TD Securities dropped their target price on Detour Gold to C$40.00 and set a “buy” rating on the stock in a report on Thursday, September 8th. Royal Bank Of Canada reiterated an “outperform” rating and set a C$4.50 target price on shares of Detour Gold in a report on Thursday, September 8th. Finally, National Bank Financial reiterated an “outperform” rating on shares of Detour Gold in a report on Monday, June 27th.
Shares of Detour Gold (TSE:DGC) opened at 23.33 on Monday. The firm 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 company’s market cap is $4.07 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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