Detour Gold Co. (DGC) Given Average Rating of “Buy” by Brokerages

Detour Gold Co. (TSE:DGC) has earned an average recommendation of “Buy” from the eleven ratings firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$20.22.

DGC has been the subject of a number of recent analyst reports. BMO Capital Markets set a C$26.00 price objective on Detour Gold and gave the stock an “outperform” rating in a research report on Thursday, January 18th. Scotiabank cut their price objective on 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. CSFB raised 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. Canaccord Genuity raised their price objective on Detour Gold from C$22.50 to C$23.50 in a research report on Friday, January 19th. Finally, National Bank Financial cut their price objective on 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.

Detour Gold (TSE DGC) traded down C$0.06 during midday trading on Tuesday, hitting C$12.63. The stock had a trading volume of 434,980 shares, compared to its average volume of 916,037. Detour Gold has a fifty-two week low of C$11.78 and a fifty-two week high of C$19.65. The stock has a market cap of $2,200.00, a price-to-earnings ratio of 29.95 and a beta of -1.61.

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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.

Analyst Recommendations for Detour Gold (TSE:DGC)

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