Detour Gold PT Raised to C$4.25 at Canaccord Genuity (DGC)
Research analysts at Canaccord Genuity upped their price objective on shares of Detour Gold (TSE:DGC) from C$2.50 to C$4.25 in a report released on Monday, Stock Ratings News reports. The firm currently has a “sell” rating on the stock. Canaccord Genuity’s target price would suggest a potential downside of 35.70% from the stock’s previous close.
Shares of Detour Gold (TSE:DGC) traded up 6.96% during mid-day trading on Monday, hitting $6.61. 1,687,399 shares of the company’s stock traded hands. Detour Gold has a 52-week low of $2.88 and a 52-week high of $24.06. The stock’s 50-day moving average is $4. and its 200-day moving average is $7.84. The company has a market cap of $913.2 million and a P/E ratio of 14.37.
A number of other firms have also recently commented on DGC. Analysts at CIBC cut their price target on shares of Detour Gold from C$12.00 to C$10.50 in a research note to investors on Wednesday, January 1st. They now have an “outperform” rating on the stock. Finally, 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the company. Detour Gold currently has an average rating of “Buy” and a consensus target price of C$9.53.
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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