Detour Gold Receives Average Rating of “Buy” from Brokerages (TSE:DGC)
Detour Gold (TSE:DGC) has received an average rating of “Buy” from the nineteen ratings firms that are currently covering the company, AmericanBankingNews.com reports. Five investment analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$14.22.
A number of research firms have recently commented on DGC. 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 (TSE:DGC) opened at 13.57 on Thursday. Detour Gold has a 52 week low of $2.88 and a 52 week high of $15.62. The stock’s 50-day moving average is $13.96 and its 200-day moving average is $11.15. The company’s market cap is $2.141 billion.
Detour Gold (TSE:DGC) last announced its earnings results on Thursday, July 31st. The company reported ($0.13) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.07) by $0.06. On average, analysts predict that Detour Gold will post $-0.31 earnings per share 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.