Detour Gold (OTCMKTS:DRGDF) Stock Price Crosses Above 50 Day Moving Average of $17.23

Detour Gold Co. (OTCMKTS:DRGDF)’s share price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $17.23 and traded as high as $15.65. Detour Gold shares last traded at $15.23, with a volume of 33,092 shares changing hands.

Several equities research analysts have issued reports on DRGDF shares. National Bank Financial cut shares of Detour Gold to a “hold” rating in a research report on Friday, June 28th. GMP Securities cut shares of Detour Gold from a “buy” rating to a “hold” rating in a research report on Tuesday, July 23rd. Raymond James reissued a “hold” rating on shares of Detour Gold in a research report on Friday, May 24th. Finally, Canaccord Genuity reissued a “buy” rating on shares of Detour Gold in a research report on Friday, July 19th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Detour Gold currently has a consensus rating of “Hold”.

The firm’s 50-day simple moving average is $17.24 and its 200-day simple moving average is $12.02.

About Detour Gold (OTCMKTS:DRGDF)

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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