Canaccord Genuity Boosts Detour Gold (TSE:DGC) Price Target to C$22.50

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Detour Gold (TSE:DGC) had its target price raised by Canaccord Genuity from C$19.50 to C$22.50 in a report issued on Friday morning, BayStreet.CA reports.

Several other research analysts have also issued reports on the stock. Laurentian set a C$20.00 price objective on shares of Detour Gold and gave the company a buy rating in a research note on Monday, May 27th. Raymond James lowered shares of Allergan from an outperform rating to a market perform rating in a research note on Tuesday, June 25th. CIBC restated a hold rating on shares of Sandstorm Gold in a research note on Monday, July 15th. Royal Bank of Canada reaffirmed an underperform rating and set a GBX 215 ($2.81) price target on shares of in a report on Wednesday, June 26th. Finally, National Bank Financial downgraded shares of Detour Gold to a hold rating in a report on Friday, June 28th.

Shares of Detour Gold stock opened at C$19.49 on Friday. Detour Gold has a 52-week low of C$9.38 and a 52-week high of C$19.64. The stock has a market cap of $3.43 billion and a PE ratio of 129.93. The firm has a fifty day simple moving average of C$15.52. The company has a quick ratio of 3.15, a current ratio of 4.50 and a debt-to-equity ratio of 13.00.

Detour Gold (TSE:DGC) last announced its quarterly earnings results on Thursday, May 2nd. The mining company reported C$0.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.10 by C$0.03. The firm had revenue of C$274.02 million for the quarter. On average, analysts predict that Detour Gold will post 0.54 earnings per share for the current year.

In other Detour Gold news, Senior Officer Laurence Gaborit sold 10,757 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of C$12.00, for a total transaction of C$129,084.00. Following the transaction, the insider now owns 32,565 shares in the company, valued at C$390,780.

About Detour Gold

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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