Detour Gold (DGC) Gets a Hold Rating from National Bank

By Ryan Adsit

Today, an analyst has provided a rating update for Detour Gold (DGCResearch Report). Analyst Mike Parkin from National Bank reiterated a Hold rating, with a C$23 price target.

According to TipRanks.com, Parkin has currently no stars on a ranking scale of 0-5 stars, with an average return of -7.6% and a 32.9% success rate. Parkin covers the Basic Materials sector, focusing on stocks such as Detour Gold Corporation, OceanaGold Corporation, and Eldorado Gold Corp.

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Currently, the analyst consensus on Detour Gold is a Moderate Buy with an average price target of C$21.63.

Detour Gold’s market cap is currently C$4.01B and has a P/E ratio of 86.34. The company has a Price to Book ratio of 1.52.

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 last Wednesday at C$23.86, close to its 52-week high of C$25.11.