05:17:17 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Detour Gold Corp
Symbol DGC
Shares Issued 174,574,684
Close 2016-12-09 C$ 18.29
Market Cap C$ 3,192,970,970
Recent Sedar Documents

Taylor says sell Detour Gold

2016-12-09 21:43 ET - In the News

Jay Taylor, in the Nov. 16, 2016, edition of Gold, Energy & Tech Stocks, says sell Detour Gold Corp., recently $18.33. He said buy on Jan. 13, 2015, at $11.57 and on Aug. 12, 2015, at $14.72. Assuming a $1,000 investment for each of the two buys, selling the $2,000 position at $18.33 would yield a profit of $774. In this brief update, Mr. Taylor says Detour recently lowered its production forecasts for 2017, disappointing investors and prompting analysts to cut their price targets on the stock. The reduced forecasts, along with the fact that Mr. Taylor prefers to focus on companies that are exploring and developing deposits, mean that Detour is now "outside of the main focus of this letter." He recommends selling the stock.

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