National Bank Reaffirms Their Buy Rating on Detour Gold (DGC)

By Carrie Williams

Detour Gold (DGCResearch Report), the Materials sector company was revisited today, and remains undervalued for at least one analyst on the street. Analyst Don DeMarco from National Bank reiterated a Buy rating, with a C$15.75 price target.

According to TipRanks.com, DeMarco is a 4-star analyst with an average return of 8.0% and a 65.6% success rate. DeMarco covers the Basic Materials sector, focusing on stocks such as Trevali Mining Corporation, Detour Gold Corporation, and OceanaGold Corporation.

Currently, the analyst consensus on Detour Gold is a Moderate Buy with an average price target of C$14.54.

The company has a one-year high of C$15.40 and a one-year low of C$9.11. Currently, Detour Gold has an average volume of 791.3K.

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$12.91.