Is Buying Detour Gold Corporation Here a Winning Strategy?

 Is Buying Detour Gold Corporation Here a Winning Strategy?

The stock of Detour Gold Corporation (TSE:DGC) is a huge mover today! About 284,176 shares traded hands. Detour Gold Corporation (TSE:DGC) has risen 6.00% since September 19, 2016 and is uptrending. It has outperformed by 0.46% the S&P500.
The move comes after 5 months positive chart setup for the $4.68 billion company. It was reported on Oct, 19 by Barchart.com. We have $40.27 PT which if reached, will make TSE:DGC worth $2.71 billion more.

Detour Gold Corporation (TSE:DGC) Ratings Coverage

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. $41 is the highest target while $17 is the lowest. The $27.27 average target is 6.98% above today’s ($25.49) stock price. Detour Gold Corporation has been the topic of 27 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The company was maintained on Monday, August 24 by RBC Capital Markets. National Bank Canada maintained the stock with “Outperform” rating in Monday, June 27 report. The firm has “Outperform” rating given on Thursday, January 14 by RBC Capital Markets. The stock has “Outperform” rating given by National Bank Canada on Friday, November 27. The stock of Detour Gold Corporation (TSE:DGC) earned “Buy” rating by Desjardins Securities on Friday, July 29. On Wednesday, June 8 the stock rating was maintained by Scotia Capital with “Outperform”. The stock has “Buy” rating given by TD Securities on Friday, July 29. The company was maintained on Monday, August 10 by RBC Capital Markets.

More notable recent Detour Gold Corporation (TSE:DGC) news were published by: Theglobeandmail.com which released: “The Globe and Mail” on July 08, 2009, also Fool.ca with their article: “Why Detour Gold Corporation Is Different From Other Gold Miners” published on November 02, 2015, Business.Financialpost.com published: “Fed hesitation drives S&P/TSX Composite index, Detour Gold Corp higher” on March 17, 2016. More interesting news about Detour Gold Corporation (TSE:DGC) were released by: Business.Financialpost.com and their article: “Detour Gold founder resigns as miner struggles amid falling gold prices” published on November 25, 2013 as well as Midasletter.com‘s news article titled: “S&P/TSX Composite index Gainers: Amaya Inc., Detour Gold Corp., Goldcorp” with publication date: February 01, 2016.

Detour Gold Corporation is a Canada intermediate gold producing company. The company has a market cap of $4.68 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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