Detour Gold Receives Average Recommendation of “Buy” from Analysts (TSE:DGC)
Shares of Detour Gold (TSE:DGC) have been given an average recommendation of “Buy” by the nineteen ratings firms that are presently covering the company, AnalystRatings.Net reports. Five investment analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is C$14.22.
Detour Gold (TSE:DGC) traded up 0.66% on Thursday, hitting $13.75. The stock had a trading volume of 108,074 shares. Detour Gold has a 1-year low of $2.88 and a 1-year high of $15.62. The stock’s 50-day moving average is $13.99 and its 200-day moving average is $11.08. The company’s market cap is $2.170 billion.
Detour Gold (TSE:DGC) last released its earnings data on Thursday, July 31st. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by $0.06. Analysts expect that Detour Gold will post $-0.31 EPS for the current fiscal year.
DGC has been the subject of a number of recent research reports. Analysts at CSFB cut their price target on shares of Detour Gold from C$16.00 to C$14.50 in a research note on Thursday, July 31st. They now have a “neutral” rating on the stock. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Detour Gold in a research note on Thursday, July 31st. They now have a C$14.50 price target on the stock, down previously from C$16.00. Finally, analysts at National Bank Financial cut their price target on shares of Detour Gold from C$15.50 to C$15.00 in a research note on Wednesday, July 30th. They now have an “outperform” rating on the stock.
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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