Detour Gold Co. (DGC) Given New C$30.00 Price Target at National Bank Financial
Detour Gold Co. (TSE:DGC) had its price target boosted by equities researchers at National Bank Financial from C$28.00 to C$30.00 in a report issued on Friday, StockTargetPrices.com reports. National Bank Financial’s price target points to a potential upside of 15.61% from the company’s previous close.
Detour Gold (TSE:DGC) traded down 1.70% during trading on Friday, reaching $25.51. The company had a trading volume of 344,779 shares. Detour Gold has a 52 week low of $10.62 and a 52 week high of $30.50. The firm’s market capitalization is $4.41 billion. The stock has a 50 day moving average price of $20.63 and a 200 day moving average price of $16.55.
Other equities analysts have also recently issued research reports about the stock. Canaccord Genuity raised their target price on shares of Detour Gold from C$25.50 to C$29.00 and gave the company a “buy” rating in a research note on Friday, April 29th. Goldman Sachs raised their target price on shares of Detour Gold from C$20.10 to C$28.00 in a research note on Wednesday, May 11th. RBC Capital raised their target price on shares of Detour Gold from C$22.00 to C$23.00 and gave the company an “outperform” rating in a research note on Tuesday, March 15th. Desjardins raised shares of Detour Gold from a “hold” rating to a “buy” rating and raised their target price for the company from C$21.00 to C$21.50 in a research note on Thursday, March 31st. Finally, Raymond James raised their target price on shares of Detour Gold to C$30.00 in a research note on Wednesday, April 20th. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of C$22.88.
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.