Detour Gold (TSE:DGC) Stock Crosses Above 200-Day Moving Average of $19.43
Detour Gold Co. (TSE:DGC)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $19.43 and traded as high as $25.13. Detour Gold shares last traded at $24.47, with a volume of 1,691,053 shares traded.
DGC has been the subject of a number of research analyst reports. Canaccord Genuity raised shares of Detour Gold from a “hold” rating to a “buy” rating and upped their target price for the stock from C$24.00 to C$27.50 in a research note on Friday. Barclays boosted their price target on Detour Gold from C$26.00 to C$29.00 in a report on Friday, August 16th. TD Securities lowered Detour Gold from a “buy” rating to a “tender” rating and cut their price target for the company from C$29.00 to C$25.50 in a report on Tuesday, November 26th. BMO Capital Markets upped their price objective on Detour Gold from C$25.00 to C$37.00 in a research report on Wednesday, September 11th. Finally, National Bank Financial downgraded Detour Gold from an “outperform” rating to an “underperform” rating and decreased their price objective for the stock from C$27.00 to C$21.72 in a report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of C$26.07.
The business has a fifty day moving average of C$21.41 and a 200 day moving average of C$19.55. The firm has a market cap of $4.34 billion and a P/E ratio of 469.22. The company has a quick ratio of 1.30, a current ratio of 2.06 and a debt-to-equity ratio of 5.52.
Detour Gold Corporation, a gold mining company, engages in the acquisition, exploration, development, and operation of mineral properties in Canada. It primarily explores for gold. The company's primary asset is the Detour Lake property consisting of a contiguous block of mining claims and leases totaling 646 square kilometers located in the District of Cochrane.
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