National Bank Financial Boosts Detour Gold (TSE:DGC) Price Target to C$23.00

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

DGC has been the subject of several other research reports. BMO Capital Markets lifted their price target on Detour Gold from C$18.00 to C$25.00 in a research note on Thursday, August 1st. Laurentian set a C$20.00 price target on Detour Gold and gave the stock a buy rating in a research note on Monday, May 27th. CIBC lifted their price target on Detour Gold from C$20.00 to C$23.00 in a research note on Wednesday, July 31st. Eight Capital downgraded Detour Gold from a buy rating to a neutral rating and lifted their price target for the stock from C$16.00 to C$21.00 in a research note on Thursday, August 8th. Finally, Royal Bank of Canada lifted their price target on Detour Gold from C$18.00 to C$26.00 and gave the stock an outperform rating in a research note on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Detour Gold presently has an average rating of Buy and an average target price of C$23.50.

TSE:DGC opened at C$23.44 on Wednesday. The company has a market capitalization of $4.20 billion and a PE ratio of 122.72. The company has a quick ratio of 1.91, a current ratio of 2.71 and a debt-to-equity ratio of 10.42. Detour Gold has a 52-week low of C$9.38 and a 52-week high of C$25.11. The stock has a fifty day simple moving average of C$19.71 and a 200-day simple moving average of C$14.64.

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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