Stock Analysis:Detour Gold Corporation (TSE:DGC) Target Increased
In a recent research report sent to clients and investors by TD Securities on Thursday, 3 December, Detour Gold Corporation (TSE:DGC) had its TP hiked to $22.00. The firm currently has a solid “Buy” rating on shares.
From a total of 20 analysts covering Detour Gold Corporation (TSE:DGC) stock, 16 rate it a ”Buy”, 0 a “Sell”, and 4 a ”Hold”. This means that 80% of the ratings are positive. The highest target price is $18.07 while the lowest target price is $9.97. The mean of all analyst targets is $13.74 with a 24.97% above today’s ($14.38) stock price. Detour Gold Corporation was the topic of 9 analyst reports since August 4, 2015 according to the firm StockzIntelligence Inc. National Bank Canada maintained shares on November 27 with “Outperform” rating.
Approximately 760,634 shares of stock traded hands. Detour Gold Corporation (TSE:DGC) has risen 9.73% since April 30, 2015 and is uptrending. It has outperformed by 10.01% the S&P500.
Detour Gold Corporation is a Canada intermediate gold producing company. The company has a market cap of $2.45 billion. The Firm owns and operates the Detour Lake mine in Northern Ontario. It currently has negative earnings. The Detour Lake gold mine is a large open pit operation located approximately 300 kilometers northeast of Timmins.