Detour Gold (TSE:DGC) had its target price lowered by Raymond James Financial from C$21.00 to C$20.00 in a research report issued on Monday. The firm currently has an “outperform” rating on the mining company’s stock. Raymond James Financial’s target price would suggest a potential upside of 63.40% from the stock’s current price.
A number of other analysts have also recently issued reports on DGC. Desjardins restated a “buy” rating on shares of Detour Gold in a research report on Monday, December 11th. BMO Capital Markets set a C$26.00 price objective on Detour Gold and gave the company an “outperform” rating in a research report on Thursday, January 18th. Eight Capital upped their price target on Detour Gold from C$16.65 to C$18.00 in a research report on Tuesday, February 6th. Finally, Canaccord Genuity upped their price target on Detour Gold from C$22.50 to C$23.50 in a research report on Friday, January 19th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Detour Gold currently has a consensus rating of “Buy” and a consensus price target of C$19.41.
Detour Gold (TSE DGC) traded down C$0.09 on Monday, hitting C$12.24. The stock had a trading volume of 754,243 shares, compared to its average volume of 833,972. The company has a market capitalization of $2,150.00, a PE ratio of 28.37 and a beta of -1.40. Detour Gold has a 1-year low of C$11.48 and a 1-year high of C$18.88.
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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