Detour Gold (TSE:DGC) Price Target Increased to C$22.00 by Analysts at Raymond James

Detour Gold (TSE:DGC) had its price objective upped by Raymond James from C$19.00 to C$22.00 in a research note published on Thursday morning, BayStreet.CA reports.

Other equities analysts have also issued reports about the company. CIBC boosted their price target on Detour Gold from C$20.00 to C$23.00 in a research report on Wednesday, July 31st. BMO Capital Markets boosted their price target on Detour Gold from C$18.00 to C$25.00 in a research report on Thursday. Laurentian set a C$20.00 price target on Detour Gold and gave the stock a buy rating in a research report on Monday, May 27th. Royal Bank of Canada boosted their price target on Detour Gold from C$16.00 to C$18.00 in a research report on Wednesday, June 26th. Finally, Canaccord Genuity boosted their price target on Detour Gold from C$19.50 to C$22.50 in a research report on Friday, July 19th.

TSE DGC opened at C$22.42 on Thursday. The firm has a market cap of $3.95 billion and a price-to-earnings ratio of 149.47. Detour Gold has a 1-year low of C$9.38 and a 1-year high of C$22.87. The company has a quick ratio of 3.15, a current ratio of 4.50 and a debt-to-equity ratio of 13.00. The company has a 50-day moving average price of C$17.42.

Detour Gold (TSE:DGC) last released its quarterly earnings results on Thursday, May 2nd. The mining company reported C$0.13 EPS for the quarter, topping the consensus estimate of C$0.10 by C$0.03. The company had revenue of C$274.02 million for the quarter. On average, equities analysts expect that Detour Gold will post 0.6 earnings per share for the current fiscal year.

In related news, Senior Officer Laurence Gaborit sold 10,757 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of C$12.00, for a total transaction of C$129,084.00. Following the transaction, the insider now directly owns 32,565 shares of the company’s stock, valued at approximately C$390,780.

About Detour Gold

Detour Gold Corporation, a gold mining company, engages in the acquisition, exploration, development, and operation of mineral properties in Canada. It primarily explores for gold. The company's primary asset is the Detour Lake property consisting of a contiguous block of mining claims and leases totaling 646 square kilometers located in the District of Cochrane.

Further Reading: Price to Earnings Ratio (PE), For Valuing Stocks

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