Could Detour Gold Corporation See a Reversal After This Very Weak Session?

 Could Detour Gold Corporation See a Reversal After This Very Weak Session?

The stock of Detour Gold Corporation (TSE:DGC) is a huge mover today! About 1.18 million shares traded hands. Detour Gold Corporation (TSE:DGC) has risen 6.00% since October 18, 2016 and is uptrending. It has outperformed by 1.38% the S&P500.
The move comes after 5 months negative chart setup for the $3.36B company. It was reported on Nov, 17 by Barchart.com. We have $16.26 PT which if reached, will make TSE:DGC worth $302.40M 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 52.21% above today’s ($17.87) stock price. Detour Gold Corporation has been the topic of 35 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The company was maintained on Thursday, January 14 by RBC Capital Markets. On Monday, June 27 the stock rating was maintained by National Bank Canada with “Outperform”. The rating was maintained by Scotia Capital with “Outperform” on Wednesday, June 8. The firm has “Buy” rating given on Friday, July 29 by Desjardins Securities. As per Friday, July 29, the company rating was maintained by TD Securities. RBC Capital Markets maintained it with “Outperform” rating and $19 target price in Monday, August 24 report. National Bank Canada maintained the stock with “Outperform” rating in Friday, November 27 report. The rating was downgraded by Credit Suisse to “Negative” on Wednesday, November 2. RBC Capital Markets maintained Detour Gold Corporation (TSE:DGC) on Wednesday, November 2 with “Outperform” rating. The rating was downgraded by GMP Securities on Thursday, November 3 to “Hold”.

More important 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 published article titled: “Why Detour Gold Corporation Is Different From Other Gold Miners”, 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) was released by: Midasletter.com and their article: “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 $3.36 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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