Detour Gold Co. (DGC) Receives C$20.22 Average Price Target from Brokerages

Shares of Detour Gold Co. (TSE:DGC) have been assigned an average rating of “Buy” from the thirteen brokerages that are covering the firm, reports. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$19.45.

A number of research analysts have weighed in on DGC shares. Desjardins reissued a “buy” rating on shares of Detour Gold in a report on Monday, December 11th. Eight Capital reaffirmed a “buy” rating on shares of Detour Gold in a research note on Thursday, November 16th. BMO Capital Markets set a C$26.00 price objective on Detour Gold and gave the stock an “outperform” rating in a research note on Thursday, January 18th. Canaccord Genuity raised their price objective on Detour Gold from C$22.50 to C$23.50 in a research note on Friday, January 19th. Finally, National Bank Financial downgraded Detour Gold from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from C$21.50 to C$14.00 in a research note on Monday.

Detour Gold (TSE:DGC) traded down C$0.07 during mid-day trading on Friday, reaching C$12.19. The company’s stock had a trading volume of 48,888 shares, compared to its average volume of 820,039. Detour Gold has a 52 week low of C$11.48 and a 52 week high of C$18.88. The company has a market capitalization of $2,140.00, a P/E ratio of 19.16 and a beta of -1.40.

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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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