Detour Gold (TSE:DGC) had its price objective lowered by stock analysts at National Bank Financial from C$17.25 to C$16.25 in a report released on Monday, February 4th. The firm currently has an “outperform” rating on the mining company’s stock. National Bank Financial’s price target would suggest a potential upside of 26.07% from the stock’s current price. National Bank Financial also issued estimates for Detour Gold’s Q4 2018 earnings at $0.20 EPS and FY2019 earnings at $0.38 EPS.
A number of other equities research analysts have also issued reports on DGC. Canaccord Genuity cut their target price on Detour Gold from C$19.00 to C$18.00 in a research report on Thursday, October 18th. Raymond James lowered their price target on Detour Gold from C$16.00 to C$15.00 in a report on Friday, October 19th. Finally, CIBC lowered their price target on Detour Gold from C$20.00 to C$17.00 in a report on Friday, October 26th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Detour Gold currently has a consensus rating of “Buy” and an average target price of C$15.55.
Shares of Detour Gold stock traded down C$0.43 on Monday, reaching C$12.89. 2,198,400 shares of the company were exchanged, compared to its average volume of 691,924. The firm has a market capitalization of $2.33 billion and a PE ratio of 47.74. The company has a quick ratio of 1.73, a current ratio of 3.12 and a debt-to-equity ratio of 12.48. Detour Gold has a fifty-two week low of C$9.11 and a fifty-two week high of C$15.40.
In other news, insider Edward William Drew Anwyll sold 15,000 shares of the company’s stock in a transaction dated Tuesday, December 11th. The stock was sold at an average price of C$10.70, for a total transaction of C$160,500.00.
About Detour Gold
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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