Detour Gold Co. (DGC) Receives Consensus Recommendation of “Buy” from Analysts

Detour Gold Co. (TSE:DGC) has received an average recommendation of “Buy” from the twelve brokerages that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$20.89.

A number of equities analysts have recently issued reports on DGC shares. Canaccord Genuity upped their price target on Detour Gold from C$21.00 to C$22.50 in a research report on Friday, September 29th. Desjardins reaffirmed a “buy” rating on shares of Detour Gold in a research report on Monday, December 11th. Eight Capital reaffirmed a “buy” rating on shares of Detour Gold in a research report on Thursday, November 16th. BMO Capital Markets set a C$26.00 price target on Detour Gold and gave the stock an “outperform” rating in a research report on Thursday. Finally, National Bank Financial cut their target price on Detour Gold from C$22.50 to C$21.50 and set an “outperform” rating on the stock in a research report on Friday, October 27th.

Detour Gold (TSE DGC) traded up C$0.33 during trading on Friday, reaching C$13.99. The company’s stock had a trading volume of 803,976 shares, compared to its average volume of 913,913. The stock has a market capitalization of $2,450.00, a price-to-earnings ratio of 34.12 and a beta of -1.65. Detour Gold has a one year low of C$12.50 and a one year high of C$20.42.

Detour Gold (TSE:DGC) last posted its earnings results on Wednesday, October 25th. The mining company reported C$0.26 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.15 by C$0.11. Detour Gold had a return on equity of 8.60% and a net margin of 25.07%.

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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.

Analyst Recommendations for Detour Gold (TSE:DGC)

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