The Detour Gold Co. (TSE:DGC) Lifted to Outperform at Credit Suisse Group

The Detour Gold Co. (TSE:DGC) Lifted to Outperform at Credit Suisse Group

Several other research firms have also recently issued reports on DGC. TD Securities reissued a “buy” rating and issued a C$22.00 price target on shares of Detour Gold in a research note on Monday, May 1st. National Bank Financial raised their target price on Detour Gold from C$20.50 to C$23.00 in a research note on Friday, July 28th. Canaccord Genuity raised their target price on Detour Gold from C$21.00 to C$23.00 and gave the company a “buy” rating in a research note on Friday, July 28th. Scotiabank reaffirmed an “outperform” rating and set a C$21.00 target price on shares of Detour Gold in a research note on Friday, April 28th. Finally, CSFB decreased their target price on Detour Gold from C$19.00 to C$17.50 in a research note on Tuesday, July 18th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of C$21.10.

Detour Gold Co. (TSE:DGC) was upgraded by Credit Suisse Group from a “neutral” rating to an “outperform” rating in a report issued on Wednesday.

Detour Gold (TSE DGC) traded up 0.916% during midday trading on Wednesday, reaching $15.975. The company’s stock had a trading volume of 524,820 shares. Detour Gold has a 1-year low of $13.71 and a 1-year high of $35.40. The company has a market capitalization of $2.79 billion and a price-to-earnings ratio of 106.500. The company’s 50-day moving average price is $14.91 and its 200-day moving average price is $16.52.

In other news, insider Julie Galloway sold 16,601 shares of the company’s stock in a transaction on Thursday, May 18th. The stock was sold at an average price of C$18.09, for a total transaction of C$300,312.09. Also, insider Pierre Beaudoin bought 10,000 shares of Detour Gold stock in a transaction dated Wednesday, June 28th. The shares were bought at an average cost of C$15.10 per share, with a total value of C$151,000.00.

About Detour Gold

Detour Gold Corporation, an intermediate gold mining company, engages in the acquisition, exploration, development, and operation of mineral properties in Canada. The company’s primary asset is the Detour Lake property located in Northeastern Ontario. Its Detour Lake property consists of a contiguous group of mining claims and leases totaling 625 square kilometers in the District of Cochrane.

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