Detour Gold Co. (DGC) Receives C$21.28 Consensus Target Price from Analysts

Shares of Detour Gold Co. (TSE:DGC) have received a consensus rating of “Buy” from the eleven research firms that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$21.28.

Several equities research analysts have issued reports on the stock. Royal Bank Of Canada lowered their price target on shares of Detour Gold from C$23.00 to C$20.00 and set a “sector perform” rating on the stock in a research note on Tuesday, March 28th. Canaccord Genuity decreased their price objective on shares of Detour Gold from C$26.50 to C$25.00 and set a “buy” rating for the company in a research report on Tuesday, March 21st. TD Securities reissued a “buy” rating and issued a C$22.00 price objective on shares of Detour Gold in a research report on Monday, May 1st. Scotiabank reissued an “outperform” rating and issued a C$21.00 price objective on shares of Detour Gold in a research report on Friday, April 28th. Finally, CSFB reaffirmed a “neutral” rating and set a C$19.00 target price (down previously from C$21.00) on shares of Detour Gold in a report on Thursday, March 23rd.

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Shares of Detour Gold (TSE DGC) opened at 15.80 on Friday. The company has a 50-day moving average of $17.41 and a 200-day moving average of $17.21. The company’s market capitalization is $2.76 billion. Detour Gold has a one year low of $14.35 and a one year high of $35.93.

In related news, insider Pierre Beaudoin acquired 10,000 shares of the stock in a transaction that occurred on Wednesday, March 29th. The stock was acquired at an average cost of C$15.50 per share, for a total transaction of C$155,000.00. Also, insider Laurence Gaborit acquired 2,000 shares of the stock in a transaction that occurred on Friday, March 31st. The shares were bought at an average price of C$14.90 per share, with a total value of C$29,800.00. Insiders bought a total of 22,000 shares of company stock valued at $337,500 over the last 90 days.

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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