Detour Gold (TSE:DGC)‘s stock had its “market perform” rating reissued by investment analysts at Raymond James in a research note issued to investors on Friday. They currently have a C$15.00 price target on the mining company’s stock. Raymond James’ price objective would indicate a potential upside of 55.93% from the stock’s current price.
DGC has been the topic of several other reports. Eight Capital raised shares of Detour Gold from a “neutral” rating to a “buy” rating and cut their price objective for the company from C$15.20 to C$14.80 in a research report on Thursday, June 28th. National Bank Financial boosted their price target on shares of Detour Gold from C$14.50 to C$15.00 and gave the stock an “outperform” rating in a research 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 research 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 research report on Friday, June 29th. Finally, Canaccord Genuity cut their price target on shares of Detour Gold from C$19.00 to C$18.00 in a research report on Thursday, October 18th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Detour Gold currently has a consensus rating of “Buy” and a consensus target price of C$16.03.
DGC traded down C$0.17 during trading on Friday, hitting C$9.62. The company had a trading volume of 932,100 shares, compared to its average volume of 935,646. Detour Gold has a one year low of C$9.11 and a one year high of C$15.40.
In related news, Director Jonathan A. Rubenstein sold 9,000 shares of the company’s stock in a transaction dated Friday, August 3rd. The shares were sold at an average price of C$12.71, for a total value of C$114,390.00. Also, insider Laurence Gaborit sold 6,000 shares of the company’s stock in a transaction dated Monday, July 30th. The shares were sold at an average price of C$12.63, for a total transaction of C$75,780.00. Over the last ninety days, insiders sold 112,327 shares of company stock worth $1,416,743.
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.
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