In a report released today, Mike Parkin from National Bank maintained a Buy rating on Detour Gold (DRGDF), with a price target of C$27.00. The company’s shares closed last Monday at $17.04.
According to TipRanks.com, Parkin has currently no stars on a ranking scale of 0-5 stars, with an average return of -7.3% and a 31.0% success rate. Parkin covers the Basic Materials sector, focusing on stocks such as Newmont Mining, Eldorado Gold, and Yamana Gold.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Detour Gold with a $21.02 average price target, which is a 27.1% upside from current levels. In a report released today, TD Securities also maintained a Buy rating on the stock with a C$29.00 price target.
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Detour Gold’s market cap is currently $2.87B and has a P/E ratio of 81.94. The company has a Price to Book ratio of 1.41.
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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.
