Detour Gold (TSE:DGC) had its price target boosted by research analysts at Eight Capital from C$16.65 to C$18.00 in a research report issued on Tuesday. Eight Capital’s target price indicates a potential upside of 44.46% from the company’s current price.
Other research analysts also recently issued research reports about the company. Canaccord Genuity boosted their price target on Detour Gold from C$22.50 to C$23.50 in a research note on Friday, January 19th. Desjardins reaffirmed a “buy” rating on shares of Detour Gold in a research note on Monday, December 11th. BMO Capital Markets set a C$26.00 price target on Detour Gold and gave the company an “outperform” rating in a research note on Thursday, January 18th. National Bank Financial dropped their price target on Detour Gold from C$22.50 to C$21.50 and set an “outperform” rating for the company in a research note on Friday, October 27th. Finally, Scotiabank dropped their price target on Detour Gold from C$21.00 to C$18.00 and set an “outperform” rating for the company in a research note on Thursday, October 26th. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. Detour Gold has a consensus rating of “Buy” and an average price target of C$20.45.
Detour Gold (TSE:DGC) traded down C$0.20 on Tuesday, hitting C$12.46. The stock had a trading volume of 648,679 shares, compared to its average volume of 934,084. The firm has a market capitalization of $2,230.00, a P/E ratio of 29.67 and a beta of -1.61. Detour Gold has a 12 month low of C$12.39 and a 12 month high of C$20.42.
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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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