Detour Gold Rating Reiterated by CIBC (DGC)
Detour Gold (TSE:DGC)‘s stock had its “sector outperform” rating reiterated by analysts at CIBC in a research report issued to clients and investors on Thursday, AnalystRatings.Net reports. They currently have a C$14.00 target price on the stock. CIBC’s price target points to a potential upside of 77.44% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Desjardins cut their price target on shares of Detour Gold from C$14.00 to C$13.50 in a research note to investors on Thursday. Separately, analysts at Credit Suisse cut their price target on shares of Detour Gold from C$15.00 to C$14.00 in a research note to investors on Monday. They now have an “outperform” rating on the stock. Finally, analysts at CSFB cut their price target on shares of Detour Gold from C$15.00 to C$14.00 in a research note to investors on Monday. They now have an “outperform” rating on the stock. Eight research analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and a consensus target price of C$17.98.
Detour Gold (TSE:DGC) traded down 2.35% during mid-day trading on Thursday, hitting $7.89. The stock had a trading volume of 1,070,991 shares. Detour Gold has a one year low of $7.17 and a one year high of $29.07. The stock has a 50-day moving average of $10.70 and a 200-day moving average of $12.36. The company has a market cap of $1.089 billion and a P/E ratio of 269.33.
Detour Gold Corporation is a Canadian gold exploration and development company. The Company is engaged in the acquisition, exploration and development of mineral properties.
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