Detour Gold (TSE:DGC) Reaches New 1-Year High at $15.65

Detour Gold Co. (TSE:DGC) hit a new 52-week high on Monday . The stock traded as high as C$15.65 and last traded at C$15.62, with a volume of 171624 shares. The stock had previously closed at C$15.40.

Several research analysts have recently issued reports on DGC shares. Raymond James set a C$16.00 price objective on Detour Gold and gave the stock a “market perform” rating in a research report on Tuesday. Laurentian set a C$20.00 price objective on Detour Gold and gave the stock a “buy” rating in a research report on Monday, May 27th. National Bank Financial upped their price objective on Detour Gold from C$15.75 to C$16.00 and gave the stock an “outperform” rating in a research report on Thursday, April 18th. Finally, Canaccord Genuity set a C$16.50 price objective on Detour Gold and gave the stock a “buy” rating in a research report on Wednesday, April 24th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of C$16.68.

The stock has a market capitalization of $2.71 billion and a PE ratio of 106.40. The company has a debt-to-equity ratio of 13.00, a current ratio of 4.50 and a quick ratio of 3.15. The company’s 50-day moving average price is C$13.08.

Detour Gold (TSE:DGC) last announced its earnings results on Thursday, May 2nd. The mining company reported C$0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.10 by C$0.03. The firm had revenue of C$274.02 million during the quarter. Equities analysts predict that Detour Gold Co. will post 0.482212 EPS for the current year.

In related news, 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 sale, the insider now directly owns 32,565 shares of the company’s stock, valued at approximately C$390,780.

Detour Gold Company Profile (TSE:DGC)

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.

Further Reading: Cash Asset Ratio

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