National Bank Financial Raises Detour Gold (DGC) Price Target to C$16.00
Detour Gold (TSE:DGC) had its price objective upped by equities researchers at National Bank Financial from C$15.75 to C$16.00 in a report released on Thursday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the mining company’s stock. National Bank Financial’s price objective would indicate a potential upside of 36.52% from the company’s previous close. National Bank Financial also issued estimates for Detour Gold’s Q1 2019 earnings at $0.08 EPS.
Separately, Raymond James boosted their price objective on shares of Detour Gold from C$15.00 to C$16.00 in a research report on Friday, January 18th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Detour Gold currently has a consensus rating of “Buy” and a consensus price target of C$15.53.
DGC stock opened at C$11.72 on Thursday. The company has a debt-to-equity ratio of 12.68, a current ratio of 3.93 and a quick ratio of 2.34. Detour Gold has a fifty-two week low of C$9.11 and a fifty-two week high of C$15.26. The company has a market capitalization of $2.06 billion and a P/E ratio of -1,172.00.
In other Detour Gold news, Senior Officer James Whyte Mavor sold 20,000 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of C$12.95, for a total transaction of C$259,000.00. Following the completion of the sale, the insider now owns 25,000 shares in the company, valued at approximately C$323,750. Also, Director Andre Roger Falzon sold 23,496 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of C$12.74, for a total transaction of C$299,444.77. Following the sale, the director now owns 10,000 shares of the company’s stock, valued at approximately C$127,445.
About Detour Gold
Detour Gold Corporation, a gold mining company, engages in the acquisition, exploration, development, and operation of mineral properties in Canada. It primarily explores for gold. The company's primary asset is the Detour Lake property consisting of a contiguous block of mining claims and leases totaling 646 square kilometers located in the District of Cochrane.
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