Detour Gold (DGC) Hits New 1-Year Low at $12.45

Detour Gold Co. (TSE:DGC)’s share price hit a new 52-week low during trading on Monday . The company traded as low as C$12.45 and last traded at C$12.65, with a volume of 930314 shares changing hands. The stock had previously closed at C$12.60.

A number of brokerages have recently commented on DGC. National Bank Financial cut their target price on shares of Detour Gold from C$22.50 to C$21.50 and set an “outperform” rating on the stock in a report on Friday, October 27th. BMO Capital Markets set a C$26.00 price objective on shares of Detour Gold and gave the company an “outperform” rating in a research report on Thursday, January 18th. Desjardins reiterated a “buy” rating on shares of Detour Gold in a research report on Monday, December 11th. Eight Capital reiterated a “buy” rating on shares of Detour Gold in a research report on Thursday, November 16th. Finally, Scotiabank lowered their price objective on shares of Detour Gold from C$21.00 to C$18.00 and set an “outperform” rating on the stock in a research report on Thursday, October 26th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Detour Gold presently has a consensus rating of “Buy” and an average price target of C$20.70.

The company has a market cap of $2,190.00, a PE ratio of 30.88 and a beta of -1.61.

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Detour Gold Company Profile

Detour Gold Corporation is a Canada-based intermediate gold producing company. The Company is engaged in the acquisition, exploration, development and operation of mineral property interests. Its primary asset is its Detour Lake mine, which is an open pit operation located in northeastern Ontario, approximately 300 kilometers northeast of Timmins and over 180 kilometers by road northeast of Cochrane.

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