Canaccord Genuity Boosts Detour Gold (DGC) Price Target to C$23.50

Detour Gold (TSE:DGC) had its price target lifted by stock analysts at Canaccord Genuity from C$22.50 to C$23.50 in a research note issued on Friday. Canaccord Genuity’s price objective suggests a potential upside of 72.04% from the stock’s current price.

DGC has been the topic of several other reports. BMO Capital Markets set a C$26.00 price target on Detour Gold and gave the company an “outperform” rating in a research report on Thursday. Desjardins restated a “buy” rating on shares of Detour Gold in a report on Monday, December 11th. Eight Capital restated a “buy” rating on shares of Detour Gold in a report on Thursday, November 16th. National Bank Financial decreased their target price on Detour Gold from C$22.50 to C$21.50 and set an “outperform” rating on the stock in a report on Friday, October 27th. Finally, Scotiabank decreased their target price on Detour Gold from C$21.00 to C$18.00 and set an “outperform” rating on the stock in a report on Thursday, October 26th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Detour Gold presently has an average rating of “Buy” and an average target price of C$20.70.

Shares of Detour Gold (TSE DGC) traded down C$0.44 during midday trading on Friday, hitting C$13.66. The company had a trading volume of 1,038,654 shares, compared to its average volume of 922,370. The company has a market cap of $2,430.00, a P/E ratio of 33.32 and a beta of -1.65. Detour Gold has a 1-year low of C$12.50 and a 1-year high of C$20.42.

Detour Gold (TSE:DGC) last posted its earnings results on Wednesday, October 25th. The mining company reported C$0.26 EPS for the quarter, beating the consensus estimate of C$0.15 by C$0.11. Detour Gold had a return on equity of 8.60% and a net margin of 25.07%.

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About Detour Gold

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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