Detour Gold (DGC) PT Set at C$26.00 by BMO Capital Markets
Detour Gold (TSE:DGC) received a C$26.00 price objective from equities research analysts at BMO Capital Markets in a research note issued to investors on Thursday. The firm presently has an “outperform” rating on the mining company’s stock. BMO Capital Markets’ price objective would suggest a potential upside of 84.40% from the company’s current price.
A number of other equities analysts have also weighed in on DGC. Canaccord Genuity boosted their price objective on shares of Detour Gold from C$21.00 to C$22.50 in a research report on Friday, September 29th. Desjardins reissued a “buy” rating on shares of Detour Gold in a research report on Monday, December 11th. National Bank Financial cut their price objective on shares of Detour Gold from C$22.50 to C$21.50 and set an “outperform” rating for the company in a research report on Friday, October 27th. CSFB raised shares of Detour Gold from a “neutral” rating to an “outperform” rating and set a C$16.00 price objective for the company in a research report on Thursday, October 26th. Finally, Scotiabank cut their price objective on shares of Detour Gold from C$21.00 to C$18.00 and set an “outperform” rating for the company in a research report on Thursday, October 26th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Detour Gold has an average rating of “Buy” and a consensus target price of C$20.60.
Detour Gold (TSE:DGC) traded up C$0.07 during trading hours on Thursday, hitting C$14.10. 2,014,530 shares of the stock were exchanged, compared to its average volume of 912,680. The firm has a market capitalization of $2,450.00, a price-to-earnings ratio of 34.39 and a beta of -1.65. Detour Gold has a twelve month low of C$12.50 and a twelve month high of C$20.42.
Detour Gold Company Profile
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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