Is Detour Gold Corporation a Buy? The Stock Rises Again

 Is Detour Gold Corporation a Buy? The Stock Rises Again

The stock of Detour Gold Corporation (TSE:DGC) is a huge mover today! About 410,565 shares traded hands. Detour Gold Corporation (TSE:DGC) has risen 6.00% since October 1, 2016 and is uptrending. It has outperformed by 2.53% the S&P500.
The move comes after 7 months positive chart setup for the $4.42B company. It was reported on Oct, 31 by Barchart.com. We have $36.67 PT which if reached, will make TSE:DGC worth $1.99B 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 $27.47 average target is 8.62% above today’s ($25.29) stock price. Detour Gold Corporation has been the topic of 28 analyst reports since August 4, 2015 according to StockzIntelligence Inc. On Monday, June 27 the stock rating was maintained by National Bank Canada with “Outperform”. The stock has “Outperform” rating given by RBC Capital Markets on Monday, August 10. Desjardins Securities maintained it with “Buy” rating and $36.50 target price in Friday, July 29 report. RBC Capital Markets maintained the shares of DGC in a report on Monday, August 24 with “Outperform” rating. On Wednesday, June 8 the stock rating was maintained by Scotia Capital with “Outperform”. The stock of Detour Gold Corporation (TSE:DGC) earned “Buy” rating by TD Securities on Friday, July 29. The firm has “Outperform” rating by RBC Capital Markets given on Thursday, January 14. The stock has “Outperform” rating given by National Bank Canada on Friday, November 27.

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: Midasletter.com and their article: “S&P/TSX Composite index Gainers: Amaya Inc., Detour Gold Corp., Goldcorp” published on February 01, 2016 as well as Theglobeandmail.com‘s news article titled: “Detour Gold: ‘The ultimate risk-reward name’ in gold miners” with publication date: November 13, 2014.

Detour Gold Corporation is a Canada intermediate gold producing company. The company has a market cap of $4.42 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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