Detour Gold (DGC) Given New C$15.00 Price Target at National Bank Financial

Detour Gold (TSE:DGC) had its target price hoisted by National Bank Financial from C$14.50 to C$15.00 in a research note issued to investors on Friday. The firm presently has an “outperform” rating on the mining company’s stock. National Bank Financial’s price objective points to a potential upside of 26.90% from the stock’s previous close.

DGC has been the subject of a number of other research reports. CSFB lowered shares of Detour Gold from an “outperform” rating to a “neutral” rating and decreased their target price for the company from C$16.00 to C$15.50 in a research report on Friday, April 27th. TD Securities reduced their price objective on shares of Detour Gold from C$23.00 to C$20.00 and set a “buy” rating for the company in a research report on Friday, April 27th. Macquarie reduced their price objective on shares of Detour Gold from C$22.00 to C$12.50 and set a “neutral” rating for the company in a research report on Monday, April 30th. BMO Capital Markets reduced their price objective on shares of Detour Gold from C$26.00 to C$15.00 in a research report on Monday, April 30th. Finally, Raymond James lowered shares of Detour Gold from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from C$20.00 to C$16.00 in a research report on Monday, April 30th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Detour Gold currently has an average rating of “Buy” and a consensus target price of C$16.39.

Detour Gold traded down C$0.12, reaching C$11.82, on Friday, according to Marketbeat.com. The company had a trading volume of 791,610 shares, compared to its average volume of 1,041,531. Detour Gold has a one year low of C$9.11 and a one year high of C$17.86.

Detour Gold (TSE:DGC) last announced its earnings results on Thursday, April 26th. The mining company reported C$0.20 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of C$0.20. The firm had revenue of C$254.60 million during the quarter. Detour Gold had a net margin of 25.07% and a return on equity of 8.60%.

About Detour Gold

Detour Gold Corporation, an intermediate gold mining company, engages in the acquisition, exploration, development, and operation of metal mineral properties in Canada. The company's primary asset is the Detour Lake property consisting of a contiguous group of mining leases and claims totaling 625 square kilometers located in the District of Cochrane.

Analyst Recommendations for Detour Gold (TSE:DGC)

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