Detour Gold Co. (DGC) Given Average Rating of “Buy” by Brokerages
Detour Gold Co. (TSE:DGC) has received a consensus rating of “Buy” from the eleven analysts that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$21.33.
DGC has been the subject of a number of research analyst reports. CSFB decreased their target price on Detour Gold from C$19.00 to C$17.50 in a research report on Tuesday, July 18th. National Bank Financial reissued an “outperform spec market weight” rating on shares of Detour Gold in a research report on Sunday, July 23rd. Canaccord Genuity upped their target price on Detour Gold from C$21.00 to C$23.00 and gave the company a “buy” rating in a research report on Friday, July 28th. Finally, Credit Suisse Group raised Detour Gold from a “neutral” rating to an “outperform” rating in a research report on Wednesday, August 2nd.
Shares of Detour Gold (TSE DGC) traded down 2.11% on Friday, hitting $15.74. The stock had a trading volume of 1,570,232 shares. The firm’s 50-day moving average price is $16.39 and its 200 day moving average price is $16.17. Detour Gold has a 52-week low of $13.24 and a 52-week high of $30.09. The firm has a market cap of $2.75 billion and a PE ratio of 104.93.
In related news, insider Pierre Beaudoin acquired 10,000 shares of the firm’s stock in a transaction on Wednesday, June 28th. The stock was bought at an average cost of C$15.10 per share, with a total value of C$151,000.00. Also, Director Paul Douglas Martin acquired 6,250 shares of the firm’s stock in a transaction on Tuesday, August 1st. The shares were bought at an average cost of C$15.43 per share, with a total value of C$96,437.50.
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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