Detour Gold Co. (TSE:DGC) has received a consensus recommendation of “Buy” from the nine ratings firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$16.31.
Several equities research analysts recently issued reports on DGC shares. Raymond James increased their price objective on Detour Gold from C$15.00 to C$16.00 in a research note 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 research note on Monday, February 4th. Finally, Canaccord Genuity set a C$16.50 price objective on Detour Gold and gave the stock a “buy” rating in a research note on Wednesday, April 24th.
In other Detour Gold news, Director Andre Roger Falzon sold 23,496 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of C$12.74, for a total value of C$299,444.77. Following the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at approximately C$127,445. Also, Senior Officer Laurence Gaborit sold 10,757 shares of the company’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of C$12.00, for a total value of C$129,084.00. Following the completion of the transaction, the insider now directly owns 32,565 shares in the company, valued at C$390,780. Over the last ninety days, insiders sold 54,253 shares of company stock worth $687,529.
Detour Gold stock traded down C$0.06 during mid-day trading on Friday, hitting C$12.30. The company’s stock had a trading volume of 489,190 shares, compared to its average volume of 700,936. The company has a market cap of $2.18 billion and a P/E ratio of 82.00. The company has a current ratio of 4.50, a quick ratio of 3.15 and a debt-to-equity ratio of 13.00. Detour Gold has a 52-week low of C$9.38 and a 52-week high of C$14.59.
Detour Gold (TSE:DGC) last announced its quarterly earnings data on Thursday, March 7th. The mining company reported C$0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.16 by C($0.03). The company had revenue of C$281.27 million during the quarter. On average, equities analysts forecast that Detour Gold will post 0.5 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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