Shares of Detour Gold Co. (TSE:DGC) have been given an average rating of “Buy” by the nineteen analysts that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$19.18.

Shares of Detour Gold (TSE:DGC) opened at 17.04 on Thursday. Detour Gold has a 12 month low of $9.08 and a 12 month high of $17.23. The firm’s market cap is $2.91 billion. The stock’s 50 day moving average is $15.30 and its 200 day moving average is $14.14.

In other Detour Gold news, Director Ingrid Jo-Ann Hibbard sold 7,800 shares of the stock in a transaction that occurred on Monday, December 7th. The shares were sold at an average price of C$14.23, for a total transaction of C$110,994.00. Also, Director Paul Douglas Martin bought 10,000 shares of the firm’s stock in a transaction on Thursday, November 5th. The shares were purchased at an average cost of C$13.31 per share, with a total value of C$133,100.00.

Several research firms recently commented on DGC. Morgan Stanley upped their price target on shares of Detour Gold from C$16.50 to C$17.00 in a research note on Monday, October 26th. Goldman Sachs upped their price target on shares of Detour Gold from C$17.00 to C$18.00 and gave the company a “buy” rating in a research note on Wednesday. RBC Capital upped their price target on shares of Detour Gold from C$19.00 to C$22.00 and gave the company an “outperform” rating in a research note on Wednesday. Haywood Securities upped their price target on shares of Detour Gold to C$19.50 and gave the company a “buy” rating in a research note on Wednesday. Finally, BMO Capital Markets downgraded shares of Detour Gold from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 7th.

Detour Gold Corporation is a Canada-based intermediate gold producing company. The Company owns and operates the Detour Lake mine in Northern Ontario. The Detour Lake gold mine is a large open pit operation located approximately 300 kilometers (TSE:DGC) northeast of Timmins. The Company’s operating projects include Detour Lake mine, Detour Lake Exploration Block A and Detour Lake Exploration Regional. The Detour Lake property consists of a contiguous block of mining claims and leases totaling approximately 630 square kilometers in the District of Cochrane. Detour Lake Exploration Block A has completed approximately 160,000 meters of drilling and has an approximate indicated resource of two million ounces. The Company controls approximately 630 square kilometers of the Detour Lake Exploration Regional. Its gold mineralization is found within the southern portion of altered feldspar porphyry intrusive containing quartz and/or quartz-tourmaline veins.

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