BMO Capital Markets Reiterates C$26.00 Price Target for Detour Gold (DGC)

BMO Capital Markets set a C$26.00 price objective on Detour Gold (TSE:DGC) in a research note published on Thursday morning. The firm currently has an outperform rating on the mining company’s stock.

Several other brokerages have also recently issued reports on DGC. Canaccord Genuity lifted their price objective on Detour Gold from C$21.00 to C$22.50 in a research note on Friday, September 29th. CSFB upgraded Detour Gold from a neutral rating to an outperform rating and set a C$16.00 price objective for the company in a research note on Thursday, October 26th. Scotiabank decreased their price objective on Detour Gold from C$21.00 to C$18.00 and set an outperform rating for the company in a research note on Thursday, October 26th. Eight Capital reiterated a buy rating on shares of Detour Gold in a research note on Thursday, November 16th. Finally, Desjardins restated a buy rating on shares of Detour Gold in a research note on Monday, December 11th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of C$20.70.

Detour Gold (DGC) opened at C$13.99 on Thursday. The stock has a market capitalization of $2,450.00, a PE ratio of 34.12 and a beta of -1.65. Detour Gold has a 52 week low of C$12.50 and a 52 week high of C$20.42.

Detour Gold (TSE:DGC) last announced its quarterly earnings data on Wednesday, October 25th. The mining company reported C$0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.15 by C$0.11. Detour Gold had a return on equity of 8.60% and a net margin of 25.07%.

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Detour Gold Company Profile

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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