The stock of Detour Gold Corporation (TSE:DGC) is a huge mover today! About 337,324 shares traded hands. Detour Gold Corporation (TSE:DGC) has risen 6.00% since October 8, 2016 and is uptrending. It has outperformed by 4.04% the S&P500.
The move comes after 6 months negative chart setup for the $2.83B company. It was reported on Nov, 7 by Barchart.com. We have $18.50 PT which if reached, will make TSE:DGC worth $198.10M less.
Detour Gold Corporation (TSE:DGC) Ratings Coverage
Out of 12 analysts covering Detour Gold Corporation (TSE:DGC), 8 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 67% are positive. $41 is the highest target while $17 is the lowest. The $27.20 average target is 36.75% above today’s ($19.89) stock price. Detour Gold Corporation has been the topic of 35 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The stock has “Outperform” rating given by RBC Capital Markets on Monday, August 10. National Bank Canada maintained the stock with “Outperform” rating in Friday, November 27 report. The stock has “Outperform” rating given by Scotia Capital on Wednesday, June 8. The company was downgraded on Wednesday, November 2 by Credit Suisse. RBC Capital Markets maintained Detour Gold Corporation (TSE:DGC) rating on Monday, August 24. RBC Capital Markets has “Outperform” rating and $19 price target. The firm has “Sector Perform” rating by IBC given on Thursday, November 3. Desjardins Securities maintained the stock with “Buy” rating in Friday, July 29 report. The firm has “Outperform” rating given on Wednesday, November 2 by RBC Capital Markets. National Bank Canada maintained the shares of DGC in a report on Monday, June 27 with “Outperform” rating. On Thursday, January 14 the stock rating was maintained by RBC Capital Markets with “Outperform”.
More notable recent Detour Gold Corporation (TSE:DGC) news were published by: Business.Financialpost.com which released: “Detour Gold Corp plunges, downgraded because of ‘uncertainty’ and …” on November 02, 2016, 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 $2.83 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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