Detour Gold Co. (DGC) Given Average Rating of “Buy” by Brokerages
Shares of Detour Gold Co. (TSE:DGC) have earned a consensus recommendation of “Buy” from the nine brokerages that are covering the company, Marketbeat 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 analysts that have issued a report on the stock in the last year is C$16.31.
Several research firms recently issued reports on DGC. National Bank Financial boosted their target price on shares of Detour Gold from C$16.00 to C$16.50 in a research note on Friday, May 10th. Raymond James reissued a “market perform” rating and issued a C$16.00 price target on shares of Detour Gold in a report on Monday, May 6th. Finally, Canaccord Genuity set a C$16.50 price target on shares of Detour Gold and gave the stock a “buy” rating in a report on Wednesday, April 24th.
In other news, Senior Officer Laurence Gaborit sold 10,757 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of C$12.00, for a total transaction of C$129,084.00. Following the completion of the sale, the insider now owns 32,565 shares of the company’s stock, valued at C$390,780. Also, Director Andre Roger Falzon sold 23,496 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of C$12.74, for a total transaction of C$299,444.77. Following the sale, the director now directly owns 10,000 shares of the company’s stock, valued at approximately C$127,445. In the last three months, insiders sold 54,253 shares of company stock valued at $687,529.
Detour Gold (TSE:DGC) last posted its earnings results 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 for the quarter. Equities analysts expect that Detour Gold will post 0.5 EPS for the current year.
About Detour Gold
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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