RBC Capital Reiterates Outperform Rating for Detour Gold (DGC)
Detour Gold (TSE:DGC)‘s stock had its “outperform” rating reiterated by stock analysts at RBC Capital in a report issued on Wednesday. They currently have a C$18.00 price target on the stock, up from their previous price target of C$16.00. RBC Capital’s price objective suggests a potential upside of 20.81% from the stock’s previous close.
A number of other analysts have also recently weighed in on DGC. Analysts at Desjardins downgraded shares of Detour Gold from a “top pick” rating to a “hold” rating in a research note on Tuesday, June 24th. They now have a C$15.50 price target on the stock, up previously from C$15.00. Separately, analysts at Dundee Securities initiated coverage on shares of Detour Gold in a research note on Tuesday, June 17th. They set a “neutral” rating and a C$14.50 price target on the stock. Finally, analysts at Raymond James upgraded shares of Detour Gold from an “outperform” rating to a “strong-buy” rating in a research note on Thursday, June 5th. They now have a C$16.00 price target on the stock, up previously from C$14.00. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of C$12.81.
Detour Gold (TSE:DGC) traded up 2.69% on Wednesday, hitting $14.90. 1,725,406 shares of the company’s stock traded hands. Detour Gold has a one year low of $2.88 and a one year high of $15.62. The stock has a 50-day moving average of $12.77 and a 200-day moving average of $9.96. The company’s market cap is $2.346 billion.
Detour Gold (TSE:DGC) last released its earnings data on Friday, May 2nd. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by $0.20. Analysts expect that Detour Gold will post $-0.08 EPS for the current fiscal year.
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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