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

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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 Network.com 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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