Detour Gold (TSE:DGC) Given New C$23.00 Price Target at National Bank Financial

Detour Gold (TSE:DGC) had its target price boosted by National Bank Financial from C$20.00 to C$23.00 in a report released on Wednesday, BayStreet.CA reports. National Bank Financial currently has a sector perform rating on the mining company’s stock.

A number of other equities analysts have also recently weighed in on DGC. Royal Bank of Canada increased their price objective on shares of Detour Gold from C$18.00 to C$26.00 and gave the stock an outperform rating in a research report on Wednesday, August 7th. Eight Capital cut shares of Detour Gold from a buy rating to a neutral rating and raised their price target for the company from C$16.00 to C$21.00 in a research report on Thursday, August 8th. Canaccord Genuity raised their price target on shares of Detour Gold from C$19.50 to C$22.50 in a research report on Friday, July 19th. BMO Capital Markets raised their price target on shares of Detour Gold from C$18.00 to C$25.00 in a research report on Thursday, August 1st. Finally, Laurentian set a C$20.00 price target on shares of Detour Gold and gave the company a buy rating in a research report on Monday, May 27th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Detour Gold presently has a consensus rating of Buy and a consensus price target of C$22.81.

Shares of TSE:DGC traded down C$0.05 during mid-day trading on Wednesday, reaching C$23.49. 128,473 shares of the company were exchanged, compared to its average volume of 809,312. The company has a debt-to-equity ratio of 10.42, a quick ratio of 1.91 and a current ratio of 2.71. The company has a market cap of $4.20 billion and a price-to-earnings ratio of 123.25. The company has a 50-day moving average price of C$19.42. Detour Gold has a 1 year low of C$9.38 and a 1 year high of C$25.11.

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.

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