Detour Gold PT Raised to C$8.00 at Canaccord Genuity (DGC)
Analysts at Canaccord Genuity increased their price target on shares of Detour Gold (TSE:DGC) from C$4.50 to C$8.00 in a research report issued to clients and investors on Friday, StockRatingsNetwork reports. The firm currently has a “hold” rating on the stock. Canaccord Genuity’s target price would indicate a potential upside of 1.91% from the company’s current price.
A number of other firms have also recently commented on DGC. Analysts at CSFB raised their price target on shares of Detour Gold from C$5.00 to C$7.00 in a research note to investors on Thursday. They now have a “neutral” rating on the stock. Separately, analysts at Desjardins upgraded shares of Detour Gold from a “buy” rating to a “top pick” rating in a research note to investors on Thursday. They now have a C$9.50 price target on the stock, up previously from C$7.50. Finally, analysts at Raymond James raised their price target on shares of Detour Gold from C$10.50 to C$12.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Three investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of C$9.67.
Detour Gold (TSE:DGC) traded up 11.98% during mid-day trading on Friday, hitting $7.85. The stock had a trading volume of 5,356,337 shares. Detour Gold has a 1-year low of $2.88 and a 1-year high of $22.18. The stock’s 50-day moving average is $5.58 and its 200-day moving average is $7.61. The company has a market cap of $1.085 billion and a P/E ratio of 16.30.
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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