Global measured and indicated mineral resources of 20.5 million ounces (inclusive of mineral reserves)

Advancing North America's 4th Largest Gold Reserves Towards Development


BREAKING: American Creek Announces Additional $1,000,000 Strategic Financing with Eric Sprott

  • Intends to expand the non-brokered private placement in order to include an additional $1,000,000 investment by Eric Sprott
  • Darren Blaney, President & CEO of American Creek stated: “We welcome Mr. Sprott’s further support and additional significant contribution. We greatly appreciate not only his endorsement but also his enthusiasm for the future potential of American Creek’s vision and projects.

Hub On AGORACOM / Read Release

Message: DGC Price Target Raised

A little low IMHO. Max

Detour Gold PT Raised to C$10.75 (DGC)

Posted by Zach Kirkland on Feb 11th, 2014

Equities researchers at Laurentian hoisted their target price
on shares of Detour Gold (TSE:DGC) from C$9.50 to C$10.75 in a research report issued on Friday, Analyst Ratings reports. The firm currently has a “buy” rating on the stock. Laurentian’s price objective points to a potential upside of 16.85% from the stock’s previous close.

Detour Gold (TSE:DGC) traded up 11.79% on Friday, hitting $9.20. The stock had a trading volume of 5,630,961 shares. Detour Gold has a 52 week low of $2.88 and a 52 week high of $21.70. The stock has a 50 moving average of $6.00 and a 200-day moving average of $7.49. The company has a market cap of $1.271 billion and a P/E ratio of 19.14.

A number of other analysts have also recently weighed in on DGC. Analysts at LB Securities raised their price target on shares of Detour Gold from C$9.50 to C$10.75 in a research note on Friday. Separately, analysts at Canaccord Genuity upgraded shares of Detour Gold from a “sell” rating to a “hold” rating in a research note on Friday. They now have a C$8.00 price target on the stock, up previously from C$4.50. Finally, analysts at CSFB raised their price target on shares of Detour Gold from C$5.00 to C$7.00 in a research note on Thursday, February 6th. They now have a “neutral” rating on the stock. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Detour Gold currently has a consensus rating of “Buy” and an average price target of C$9.67.

Detour Gold is a Canadian gold exploration and development company. The Company’s principal business is the acquisition, exploration, development and operation of mineral properties.

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