Detour Gold (TSE:DGC) PT Raised to C$25.00 at BMO Capital Markets

Detour Gold (TSE:DGC) had its price objective increased by BMO Capital Markets from C$18.00 to C$25.00 in a research report sent to investors on Thursday, BayStreet.CA reports.

Several other equities research analysts also recently issued reports on the stock. Royal Bank of Canada raised their target price on shares of Detour Gold from C$16.00 to C$18.00 in a research note on Wednesday, June 26th. Laurentian set a C$20.00 target price on shares of Detour Gold and gave the company a buy rating in a research note on Monday, May 27th. Canaccord Genuity raised their target price on shares of Detour Gold from C$19.50 to C$22.50 in a research note on Friday, July 19th. National Bank Financial raised their target price on shares of Detour Gold from C$18.50 to C$20.00 and gave the company a sector perform rating in a research note on Tuesday, July 23rd. Finally, Raymond James reiterated a market perform rating and issued a C$16.00 target price on shares of Detour Gold in a research note on Tuesday, June 25th.

TSE:DGC traded down C$0.27 during mid-day trading on Thursday, hitting C$22.42. The stock had a trading volume of 1,240,502 shares, compared to its average volume of 786,604. Detour Gold has a twelve month low of C$9.38 and a twelve month high of C$22.87. The firm has a market cap of $3.55 billion and a PE ratio of 149.47. The stock has a 50 day simple moving average of C$17.25. The company has a debt-to-equity ratio of 13.00, a quick ratio of 3.15 and a current ratio of 4.50.

Detour Gold (TSE:DGC) last issued its earnings results on Thursday, May 2nd. The mining company reported C$0.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.10 by C$0.03. The firm had revenue of C$274.02 million during the quarter. Equities analysts anticipate that Detour Gold will post 0.6 earnings per share for the current year.

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

Detour Gold Company Profile

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.

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