National Bank Financial Increases Detour Gold (TSE:DGC) Price Target to C$27.00

Detour Gold (TSE:DGC) had its price target boosted by equities research analysts at National Bank Financial from C$23.00 to C$27.00 in a note issued to investors on Thursday, September 5th, BayStreet.CA reports. The firm presently has a “sector perform” rating on the mining company’s stock. National Bank Financial’s target price suggests a potential upside of 29.31% from the stock’s current price.

Other research analysts have also recently issued research reports about the company. Canaccord Genuity boosted their price objective on Detour Gold from C$19.50 to C$22.50 in a research note on Friday, July 19th. BMO Capital Markets boosted their price target on Detour Gold from C$18.00 to C$25.00 in a research note on Thursday, August 1st. Raymond James upped their price objective on Detour Gold from C$19.00 to C$22.00 in a research note on Thursday, August 1st. Eight Capital cut Detour Gold from a “buy” rating to a “neutral” rating and upped their price objective for the company from C$16.00 to C$21.00 in a research note on Thursday, August 8th. Finally, Laurentian set a C$20.00 target price on Detour Gold and gave the company a “buy” rating in a report on Monday, May 27th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of C$25.72.

Shares of TSE:DGC opened at C$20.88 on Thursday. The business has a fifty day simple moving average of C$22.81 and a 200-day simple moving average of C$15.94. Detour Gold has a 52 week low of C$9.38 and a 52 week high of C$25.45. The company has a quick ratio of 1.91, a current ratio of 2.71 and a debt-to-equity ratio of 10.42. The company has a market cap of $3.68 billion and a P/E ratio of 109.32.

Detour Gold (TSE:DGC) last issued its quarterly earnings data on Tuesday, July 30th. The mining company reported C$0.08 EPS for the quarter. The company had revenue of C$270.21 million for the quarter. Sell-side analysts expect that Detour Gold will post 0.73 earnings per share for the current fiscal year.

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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Analyst Recommendations for Detour Gold (TSE:DGC)

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