The Globe and Mail reports in its Friday, June 6, edition that Raymond James analyst Phil Russo says Detour Gold's ($11.35) evolution to "mid-tier producer status" is coming into focus. The Globe's Darcy Keith, Tim Shufelt and Jody White write in the Eye On Equities column that Mr. Russo hiked Detour's stock to "strong buy" from "outperform," while raising his price target to $16 from $14. The analyst says the company's Detour Lake mine in Northeastern Ontario is "within sight of optimal levels." The Globe quotes the Raymond James stockpicker as saying: "Investors should buy Detour today on continued execution momentum and approaching free cash flow for maximum share price reward. ... No mining stock is without volatility, we believe Detour's is set to diminish over the course of the next 12 months as it re-rates to mid-tier producer status." The analyst consensus price target over the next year, according to Thomson Reuters, is $12.59. Desjardins Securities analyst Michael Parkin cut Detour to "hold" from "buy" in the Eye column on Jan. 23. The shares were then worth $6.06. Mr. Parkin upgraded Detour to a "top pick" rating from "buy" in the Eye column on Feb. 7. The shares could then be had for $7.01.