Detour Gold (DGC) PT Set at C$26.00 by BMO Capital Markets
Detour Gold (TSE:DGC) has been assigned a C$26.00 price target by research analysts at BMO Capital Markets in a report released on Thursday. The brokerage currently has an “outperform” rating on the mining company’s stock. BMO Capital Markets’ price target would suggest a potential upside of 84.40% from the stock’s previous close.
Several other research analysts have also commented on DGC. Canaccord Genuity raised their price target on Detour Gold from C$21.00 to C$22.50 in a research report on Friday, September 29th. CSFB upgraded Detour Gold from a “neutral” rating to an “outperform” rating and set a C$16.00 price target for the company in a research report on Thursday, October 26th. Scotiabank lowered 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 report on Thursday, October 26th. National Bank Financial lowered 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 report on Friday, October 27th. Finally, Eight Capital restated a “buy” rating on shares of Detour Gold in a research report on Thursday, November 16th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Detour Gold presently has an average rating of “Buy” and a consensus price target of C$20.60.
Shares of Detour Gold (DGC) traded up C$0.07 during trading on Thursday, reaching C$14.10. The company had a trading volume of 2,014,530 shares, compared to its average volume of 912,680. The stock has a market capitalization of $2,450.00, a price-to-earnings ratio of 34.39 and a beta of -1.65. Detour Gold has a 52 week low of C$12.50 and a 52 week high of C$20.42.
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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.
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