Detour Gold Co. (DGC) Given Average Recommendation of “Buy” by Brokerages

Detour Gold Co. (TSE:DGC) has been given an average rating of “Buy” by the eleven analysts that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$15.50.

Several equities analysts recently issued reports on the company. Raymond James lifted their price objective on Detour Gold from C$15.00 to C$16.00 in a report on Friday, January 18th. National Bank Financial reduced their price objective on Detour Gold from C$17.25 to C$16.25 and set an “outperform” rating for the company in a report on Monday, February 4th.

In other news, Senior Officer James Whyte Mavor sold 20,000 shares of Detour Gold stock in a transaction on Friday, March 15th. The stock was sold at an average price of C$12.95, for a total value of C$259,000.00. Following the completion of the sale, the insider now owns 25,000 shares of the company’s stock, valued at C$323,750. Also, Director Andre Roger Falzon sold 23,496 shares of Detour Gold stock in a transaction on Monday, March 11th. The shares were sold at an average price of C$12.74, for a total value of C$299,444.77. Following the completion of the sale, the director now directly owns 10,000 shares of the company’s stock, valued at approximately C$127,445.

Shares of Detour Gold stock traded down C$0.10 during trading on Monday, reaching C$11.97. The company’s stock had a trading volume of 74,754 shares, compared to its average volume of 712,012. The company has a debt-to-equity ratio of 12.68, a current ratio of 3.93 and a quick ratio of 2.34. Detour Gold has a 12-month low of C$9.11 and a 12-month high of C$15.40. The company has a market cap of $2.07 billion and a PE ratio of -1,206.00.

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.

Featured Story: How Do You Make Money With Penny Stocks?

Analyst Recommendations for Detour Gold (TSE:DGC)

Receive News & Ratings for Detour Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Detour Gold and related companies with MarketBeat.com's FREE daily email newsletter.