Detour Gold Co. (DGC) Upgraded to Outperform at Credit Suisse Group
Detour Gold Co. (TSE:DGC) was upgraded by equities researchers at Credit Suisse Group from a “neutral” rating to an “outperform” rating in a research report issued on Wednesday, StockTargetPrices.com reports.
Other research analysts have also issued research reports about the stock. CSFB decreased their target price on shares of Detour Gold from C$19.00 to C$17.50 in a research report on Tuesday, July 18th. National Bank Financial increased their target price on shares of Detour Gold from C$20.50 to C$23.00 in a research report on Friday, July 28th. TD Securities restated a “buy” rating and set a C$22.00 target price on shares of Detour Gold in a research report on Tuesday, April 25th. Canaccord Genuity increased their target price on shares of Detour Gold from C$21.00 to C$23.00 and gave the stock a “buy” rating in a research report on Friday, July 28th. Finally, Scotiabank reaffirmed an “outperform” rating and set a C$21.00 price target on shares of Detour Gold in a report on Friday, April 28th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Detour Gold has an average rating of “Buy” and an average price target of C$21.10.
Shares of Detour Gold (TSE:DGC) traded up 1.042% during trading on Wednesday, hitting $15.995. 603,720 shares of the stock traded hands. The firm has a market cap of $2.79 billion and a price-to-earnings ratio of 106.633. Detour Gold has a 52-week low of $13.71 and a 52-week high of $35.40. The stock has a 50 day moving average of $14.91 and a 200 day moving average of $16.52.
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In other Detour Gold news, Director Paul Douglas Martin purchased 6,250 shares of the company’s stock in a transaction dated Tuesday, August 1st. The stock was purchased at an average price of C$15.43 per share, with a total value of C$96,437.50. Also, insider Pierre Beaudoin purchased 10,000 shares of the company’s stock in a transaction dated Wednesday, June 28th. The shares were acquired at an average cost of C$15.10 per share, with a total value of C$151,000.00.
About Detour Gold
Detour Gold Corporation, an intermediate gold mining company, engages in the acquisition, exploration, development, and operation of mineral properties in Canada. The companys primary asset is the Detour Lake property located in Northeastern Ontario. Its Detour Lake property consists of a contiguous group of mining claims and leases totaling 625 square kilometers in the District of Cochrane.
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