Detour Gold (TSE:DGC) was downgraded by equities researchers at Credit Suisse to a “neutral” rating in a research report issued on Tuesday, AR Network reports.
Shares of Detour Gold (TSE:DGC) traded down 7.43% during mid-day trading on Tuesday, hitting $3.49. 2,589,352 shares of the company’s stock traded hands. Detour Gold has a 1-year low of $2.88 and a 1-year high of $26.41. The stock has a 50-day moving average of $7.17 and a 200-day moving average of $9.28. The company has a market cap of $482.2 million and a P/E ratio of 8.77.
Other equities research analysts have also recently issued reports about the stock. Analysts at BMO Capital Markets cut their price target on shares of Detour Gold from C$12.00 to C$9.50 in a research note to investors on Tuesday. They now have an “outperform” rating on the stock. Separately, analysts at Canaccord Genuity downgraded shares of Detour Gold from a “hold” rating to a “sell” rating in a research note to investors on Tuesday. They now have a C$2.50 price target on the stock, down previously from C$8.00. Finally, analysts at National Bank Financial cut their price target on shares of Detour Gold from C$12.50 to C$9.00 in a research note to investors on Tuesday. They now have an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of C$11.12.
Detour Gold Corporation is a Canadian gold exploration and development company. The Company is engaged in the acquisition, exploration and development of mineral properties.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.