Detour Gold PT Lowered to C$10.50 (DGC)
Investment analysts at CIBC lowered their target price on shares of Detour Gold (TSE:DGC) from C$12.00 to C$10.50 in a note issued to investors on Wednesday, Stock Ratings Network reports. The firm currently has an “outperform” rating on the stock. CIBC’s price target suggests a potential upside of 156.10% from the stock’s previous close.
DGC has been the subject of a number of other recent research reports. Analysts at GMP Securities initiated coverage on shares of Detour Gold in a research note to investors on Monday, December 9th. They set a “buy” rating on the stock. Separately, analysts at RBC Capital cut their price target on shares of Detour Gold from C$13.00 to C$9.50 in a research note to investors on Monday, December 2nd. They now have an “outperform” rating on the stock. Finally, analysts at Raymond James cut their price target on shares of Detour Gold from C$15.00 to C$11.00 in a research note to investors on Thursday, November 28th. They now have an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of C$9.42.
Detour Gold (TSE:DGC) opened at 4.10 on Wednesday. Detour Gold has a 52-week low of $2.88 and a 52-week high of $25.47. The stock’s 50-day moving average is $4.29 and its 200-day moving average is $8.13. The company has a market cap of $566.4 million and a P/E ratio of 9.35.
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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