Detour Gold (DGC) Reaches New 12-Month Low at $13.01
Detour Gold Co. (TSE:DGC)’s share price hit a new 52-week low on Wednesday . The company traded as low as C$13.01 and last traded at C$13.22, with a volume of 954186 shares traded. The stock had previously closed at C$13.67.
A number of equities analysts have recently weighed in on DGC shares. Canaccord Genuity lifted their price target on shares of Detour Gold from C$21.00 to C$22.50 in a research report on Friday, September 29th. CSFB raised shares of Detour Gold from a “neutral” rating to an “outperform” rating and set a C$16.00 price target on the stock in a research report on Thursday, October 26th. Scotiabank reduced their price target on shares of Detour Gold from C$21.00 to C$18.00 and set an “outperform” rating on the stock in a research report on Thursday, October 26th. Eight Capital reissued a “buy” rating on shares of Detour Gold in a research report on Thursday, November 16th. Finally, National Bank Financial reduced their price target on shares of 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. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of C$20.45.
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.
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