It Seems Detour Gold Corporation Will Go Down. Have Another Big Decline

 It Seems Detour Gold Corporation Will Go Down. Have Another Big Decline

The stock of Detour Gold Corporation (TSE:DGC) is a huge mover today! About 250,655 shares traded hands. Detour Gold Corporation (TSE:DGC) has risen 6.00% since October 30, 2016 and is uptrending. It has outperformed by 0.74% the S&P500.
The move comes after 8 months negative chart setup for the $3.29 billion company. It was reported on Nov, 29 by Barchart.com. We have $16.23 PT which if reached, will make TSE:DGC worth $230.30 million 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 55.87% above today’s ($17.45) stock price. Detour Gold Corporation has been the topic of 35 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The rating was maintained by National Bank Canada with “Outperform” on Friday, November 27. The stock of Detour Gold Corporation (TSE:DGC) has “Outperform” rating given on Thursday, January 14 by RBC Capital Markets. On Wednesday, November 2 the stock rating was maintained by RBC Capital Markets with “Outperform”. The stock has “Buy” rating given by TD Securities on Friday, July 29. The firm has “Hold” rating given on Thursday, November 3 by GMP Securities. The rating was maintained by Scotia Capital with “Outperform” on Wednesday, June 8. The stock of Detour Gold Corporation (TSE:DGC) earned “Outperform” rating by National Bank Canada on Monday, June 27. RBC Capital Markets maintained the stock with “Outperform” rating in Monday, August 24 report. The rating was maintained by RBC Capital Markets on Monday, August 10 with “Outperform”. The rating was downgraded by Credit Suisse on Wednesday, November 2 to “Negative”.

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 Theglobeandmail.com published article titled: “The Globe and Mail”, Fool.ca published: “Why Detour Gold Corporation Is Different From Other Gold Miners” on November 02, 2015. More interesting news about Detour Gold Corporation (TSE:DGC) was released by: Business.Financialpost.com and their article: “Fed hesitation drives S&P/TSX Composite index, Detour Gold Corp higher” with publication date: March 17, 2016.

Detour Gold Corporation is a Canada intermediate gold producing company. The company has a market cap of $3.29 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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