Detour Gold Co. (DGC) Given New C$17.50 Price Target at CSFB
Detour Gold Co. (TSE:DGC) had its price objective lowered by equities researchers at CSFB from C$19.00 to C$17.50 in a research report issued to clients and investors on Tuesday. CSFB’s price target points to a potential upside of 24.56% from the company’s previous close.
Other equities research analysts have also recently issued research reports about the company. Royal Bank Of Canada decreased their target price on Detour Gold from C$23.00 to C$20.00 and set a “sector perform” rating for the company in a research note on Tuesday, March 28th. Canaccord Genuity decreased their target price on Detour Gold from C$26.50 to C$25.00 and set a “buy” rating for the company in a research note on Tuesday, March 21st. TD Securities reaffirmed a “buy” rating and set a C$22.00 target price on shares of Detour Gold in a research note on Monday, May 1st. Scotiabank reaffirmed an “outperform” rating and set a C$21.00 target price on shares of Detour Gold in a research note on Friday, April 28th. Finally, Credit Suisse Group decreased their target price on Detour Gold from C$21.00 to C$19.00 in a research note on Thursday, March 23rd. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of C$21.11.
Detour Gold (TSE:DGC) traded down 1.06% during trading on Tuesday, hitting $14.05. The stock had a trading volume of 485,548 shares. Detour Gold has a one year low of $13.71 and a one year high of $35.40. The firm’s market capitalization is $2.45 billion. The stock has a 50 day moving average of $15.77 and a 200 day moving average of $16.82.
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In other Detour Gold news, insider Julie Galloway sold 16,601 shares of the stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of C$18.09, for a total value of C$300,312.09. Also, insider Pierre Beaudoin purchased 10,000 shares of the business’s stock in a transaction on Wednesday, June 28th. The stock was purchased at an average price of C$15.10 per share, for a total transaction of C$151,000.00.
About Detour Gold
Detour Gold Corporation is a Canada-based intermediate gold producing company. The Company is engaged in the acquisition, exploration, development and operation of mineral property interests. Its primary asset is its Detour Lake mine, which is an open pit operation located in northeastern Ontario, approximately 300 kilometers northeast of Timmins and over 180 kilometers by road northeast of Cochrane.
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