What’s Propelling Detour Gold Corporation to Decline So Much?


The stock of Detour Gold Corporation (TSE:DGC) is a huge mover today! About 754,802 shares traded hands. Detour Gold Corporation (TSE:DGC) has risen 6.00% since August 14, 2016 and is uptrending. It has underperformed by 10.49% the S&P500.
The move comes after 9 months negative chart setup for the $4.90B company. It was reported on Sep, 13 by Barchart.com. We have $26.24 PT which if reached, will make TSE:DGC worth $343.00M less.

Out of 9 analysts covering Detour Gold Corporation (TSE:DGC), 8 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 89% are positive. Detour Gold Corporation has been the topic of 23 analyst reports since September 21, 2015 according to StockzIntelligence Inc.

Detour Gold Corporation is a Canada intermediate gold producing company. The company has a market cap of $4.90 billion. The Firm is engaged in the acquisition, exploration, development and operation of mineral property interests. It currently has negative earnings. The Company’s primary asset is its Detour Lake mine, which is an open pit operation located in northeastern Ontario, approximately 300 kilometers northeast of Timmins and over 180 kilometers by road northeast of Cochrane.

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