Time to Buy Detour Gold Corporation After Today’s Huge Increase?

 Time to Buy Detour Gold Corporation After Today's Huge Increase?

The stock of Detour Gold Corporation (TSE:DGC) is a huge mover today! About 135,269 shares traded hands. Detour Gold Corporation (TSE:DGC) has risen 6.00% since October 29, 2016 and is uptrending. It has underperformed by 0.01% the S&P500.
The move comes after 9 months positive chart setup for the $2.99B company. It was reported on Nov, 28 by Barchart.com. We have $17.59 PT which if reached, will make TSE:DGC worth $119.60 million more.

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 60.85% above today’s ($16.91) stock price. Detour Gold Corporation has been the topic of 35 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating by RBC Capital Markets given on Monday, August 10. The rating was maintained by Desjardins Securities on Friday, July 29 with “Buy”. The stock of Detour Gold Corporation (TSE:DGC) has “Hold” rating given on Thursday, November 3 by GMP Securities. Scotia Capital maintained Detour Gold Corporation (TSE:DGC) on Wednesday, June 8 with “Outperform” rating. The rating was maintained by National Bank Canada with “Outperform” on Friday, November 27. The firm has “Sector Perform” rating by IBC given on Thursday, November 3. The rating was maintained by National Bank Canada on Monday, June 27 with “Outperform”. RBC Capital Markets maintained Detour Gold Corporation (TSE:DGC) on Monday, August 24 with “Outperform” rating. As per Wednesday, November 2, the company rating was maintained by RBC Capital Markets. The company was maintained on Thursday, January 14 by RBC Capital Markets.

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: “Goldcorp, Centerra, Detour Gold and Fortuna Silver upgraded to buy” published on October 24, 2016 as well as Business.Financialpost.com‘s news article titled: “Detour Gold upgraded on new life-of-mine plan” with publication date: February 06, 2014.

Detour Gold Corporation is a Canada intermediate gold producing company. The company has a market cap of $2.99 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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