RBC Capital Increases Detour Gold Price Target to C$9.00 (DGC)
Equities researchers at RBC Capital hoisted their target price on shares of Detour Gold (TSE:DGC) from C$8.50 to C$9.00 in a research report issued on Wednesday, AR Network reports. The firm currently has an “outperform” rating on the stock. RBC Capital’s price target points to a potential upside of 33.14% from the stock’s previous close.
Detour Gold (TSE:DGC) traded up 1.92% during mid-day trading on Wednesday, hitting $6.89. The stock had a trading volume of 2,849,672 shares. Detour Gold has a one year low of $2.88 and a one year high of $23.51. The stock has a 50-day moving average of $5.44 and a 200-day moving average of $7.62. The company has a market cap of $951.9 million and a price-to-earnings ratio of 15.72.
Other equities research analysts have also recently issued reports about the stock. Analysts at TD Securities raised their price target on shares of Detour Gold from C$11.00 to C$14.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Separately, 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. Finally, analysts at Desjardins upgraded shares of Detour Gold to a “buy” rating in a research note to investors on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of C$9.61.
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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