Positive Report for Detour Gold from Scotiabank


In a latest note to investors, a research analyst has provided a rating update for the Materials sector company, Detour Gold (TSX: DGC). Trevor Turnbull, an analyst with Scotiabank, has upgraded their rating on DGC to Buy today , with a C$21 price target.

According to TipRanks.com, Turnbull is ranked #3287 out of 4841 analysts.

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Detour Gold has an analyst consensus of Strong Buy, with a price target consensus of C$17.67, which is a 32.1% upside from current levels. In a report issued on July 9, RBC Capital also reiterated a Buy rating on the stock with a C$16 price target.

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The company has a one-year high of C$17.86 and a one-year low of C$9.11. Currently, Detour Gold has an average volume of 1.22M.

Detour Gold Corp. engages acquisition, exploration, development, and operation of mineral properties. It focuses in the Detour Lake Mine located in northeastern Ontario. The company was founded by Gerald S. Panneton on July 19, 2006 and is headquartered in Toronto, Canada.

The company’s shares closed on Thursday at C$13.38.

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