Detour Gold Co. (DGC) Receives Average Recommendation of “Buy” from Brokerages

Shares of Detour Gold Co. (TSE:DGC) have been given a consensus rating of “Buy” by the twelve ratings firms that are currently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$16.30.

Several research firms recently weighed in on DGC. Eight Capital upgraded shares of Detour Gold from a “neutral” rating to a “buy” rating and cut their price target for the company from C$15.20 to C$14.80 in a report on Thursday, June 28th. National Bank Financial lifted their price target on shares of Detour Gold from C$14.50 to C$15.00 and gave the company an “outperform” rating in a report on Friday, June 29th. CSFB cut their price target on shares of Detour Gold from C$16.00 to C$15.50 in a report on Thursday, July 26th. TD Securities cut their price target on shares of Detour Gold from C$20.00 to C$18.50 and set a “buy” rating on the stock in a report on Friday, June 29th. Finally, Royal Bank of Canada lifted their price target on shares of Detour Gold from C$14.00 to C$16.00 and gave the company an “outperform” rating in a report on Monday, July 9th.

TSE:DGC traded down C$0.36 during trading hours on Thursday, hitting C$10.42. The company had a trading volume of 172,598 shares, compared to its average volume of 957,378. Detour Gold has a 52 week low of C$9.11 and a 52 week high of C$15.40.

Detour Gold (TSE:DGC) last released its quarterly earnings results on Wednesday, July 25th. The mining company reported C$0.15 earnings per share for the quarter, beating the consensus estimate of C$0.12 by C$0.03. The business had revenue of C$247.54 million for the quarter. Detour Gold had a net margin of 25.07% and a return on equity of 8.60%.

In other news, Director John Michael Kenyon acquired 5,000 shares of the stock in a transaction on Tuesday, September 4th. The stock was acquired at an average price of C$10.49 per share, with a total value of C$52,450.00. Also, Director Jonathan A. Rubenstein sold 9,000 shares of the firm’s stock in a transaction on Friday, August 3rd. The shares were sold at an average price of C$12.71, for a total value of C$114,390.00. Insiders have sold 112,327 shares of company stock valued at $1,416,743 in the last three months.

Detour Gold Company Profile

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

See Also: Understanding Analyst Recommendations

Analyst Recommendations for Detour Gold (TSE:DGC)

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