Detour Gold PT Raised to C$14.00 at TD Securities (DGC)
Investment analysts at TD Securities upped their price target on shares of Detour Gold (TSE:DGC) from C$11.00 to C$14.00 in a note issued to investors on Wednesday, Stock Ratings Network.com reports. The firm currently has a “buy” rating on the stock. TD Securities’ price objective would indicate a potential upside of 107.10% from the stock’s previous close.
A number of other firms have also recently commented on DGC. Analysts at Scotiabank initiated coverage on shares of Detour Gold in a research note to investors on Monday. They set an “outperform” rating and a C$10.00 price target on the stock. Separately, analysts at Desjardins upgraded shares of Detour Gold to a “buy” rating in a research note to investors on Wednesday, January 29th. Finally, 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, January 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of C$9.61.
Shares of Detour Gold (TSE:DGC) traded up 3.40% during mid-day trading on Wednesday, hitting $6.99. 3,041,454 shares of the company’s stock traded hands. Detour Gold has a one year low of $2.88 and a one year high of $23.51. The stock’s 50-day moving average is $5.44 and its 200-day moving average is $7.62. The company has a market cap of $965.7 million and a price-to-earnings ratio of 15.72.
Detour Gold Corporation is a Canadian gold exploration and development company. The Company’s principal business is the acquisition, exploration, development and operation of mineral properties.
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