Detour Gold Upgraded to “Buy” by Desjardins (DGC)
Detour Gold (TSE:DGC) was upgraded by investment analysts at Desjardins to a “buy” rating in a note issued to investors on Wednesday, American Banking News reports.
Shares of Detour Gold (TSE:DGC) traded up 13.99% during mid-day trading on Wednesday, hitting $7.25. 4,330,699 shares of the company’s stock traded hands. Detour Gold has a 1-year low of $2.88 and a 1-year high of $23.51. The stock has a 50-day moving average of $5.02 and a 200-day moving average of $7.71. The company has a market cap of $1.002 billion and a P/E ratio of 14.79.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital raised their price target on shares of Detour Gold from C$6.50 to C$8.50 in a research note to investors on Tuesday. Separately, analysts at TD Securities raised their price target on shares of Detour Gold from C$8.50 to C$11.00 in a research note to investors on Wednesday, January 22nd. They now have a “buy” rating on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of Detour Gold from C$2.50 to C$4.25 in a research note to investors on Monday, January 20th. They now have a “sell” rating on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of C$9.43.
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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