Detour Gold Co. (TSE:DGC) Price Target Cut to C$18.00 by Analysts at Scotiabank

Detour Gold Co. (TSE:DGC) had its target price lowered by investment analysts at Scotiabank from C$21.00 to C$18.00 in a note issued to investors on Thursday, October 26th. The firm currently has an “outperform” rating on the mining company’s stock. Scotiabank’s price objective points to a potential upside of 33.63% from the company’s previous close.

A number of other brokerages also recently issued reports on DGC. Credit Suisse Group upgraded Detour Gold from a “neutral” rating to an “outperform” rating in a research note on Wednesday, August 2nd. National Bank Financial boosted their price target on Detour Gold from C$20.50 to C$23.00 in a research note on Friday, July 28th. Canaccord Genuity boosted their price target on Detour Gold from C$21.00 to C$23.00 and gave the company a “buy” rating in a research note on Friday, July 28th. Finally, CSFB dropped their price target on Detour Gold from C$19.00 to C$17.50 in a research note on Tuesday, July 18th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of C$20.45.

Shares of Detour Gold (TSE DGC) opened at C$13.47 on Thursday. Detour Gold has a one year low of C$13.01 and a one year high of C$21.48.

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About Detour Gold

Detour Gold Corporation is a Canada-based intermediate gold producing company. The Company is engaged in the acquisition, exploration, development and operation of mineral property interests. Its 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.

Analyst Recommendations for Detour Gold (TSE:DGC)

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