BMO Capital Markets Boosts Detour Gold (DGC) Price Target to C$16.00

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Detour Gold (TSE:DGC) had its target price increased by BMO Capital Markets from C$15.00 to C$16.00 in a research note released on Friday morning. They currently have an outperform rating on the mining company’s stock.

DGC has been the topic of several other research reports. National Bank Financial upgraded Detour Gold from a sector perform rating to an outperform rating and decreased their price objective for the stock from C$15.50 to C$14.50 in a report on Monday, April 30th. CSFB downgraded Detour Gold from an outperform rating to a neutral rating and decreased their price objective for the stock from C$16.00 to C$15.50 in a report on Friday, April 27th. TD Securities decreased their price objective on Detour Gold from C$23.00 to C$20.00 and set a buy rating on the stock in a report on Friday, April 27th. Macquarie decreased their price objective on Detour Gold from C$22.00 to C$12.50 and set a neutral rating on the stock in a report on Monday, April 30th. Finally, Eight Capital upgraded Detour Gold from a neutral rating to a buy rating and decreased their price objective for the stock from C$15.20 to C$14.80 in a report on Thursday, June 28th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of C$16.39.

Shares of DGC stock opened at C$11.82 on Friday. Detour Gold has a 12-month low of C$9.11 and a 12-month high of C$17.86.

Detour Gold (TSE:DGC) last issued its quarterly earnings results on Thursday, April 26th. The mining company reported C$0.20 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of C$0.20. The firm had revenue of C$254.60 million during the quarter. Detour Gold had a return on equity of 8.60% and a net margin of 25.07%.

About Detour Gold

Detour Gold Corporation, an intermediate gold mining company, engages in the acquisition, exploration, development, and operation of metal mineral properties in Canada. The company's primary asset is the Detour Lake property consisting of a contiguous group of mining leases and claims totaling 625 square kilometers located in the District of Cochrane.

Analyst Recommendations for Detour Gold (TSE:DGC)

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