Global measured and indicated mineral resources of 20.5 million ounces (inclusive of mineral reserves)

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Message: Globe maintains "outperform" for DGC

Globe says Detour Gold maintained at "outperform"

2013-08-27 04:55 ET - In the News

The Globe and Mail reports in its Tuesday, Aug. 27, edition that RBC Dominion Securities analyst Dan Rollins continues to hold firm on his "outperform" rating for Detour Gold ($12.26). The Globe's Darcy Keith writes in the Eye On Equities column that Mr. Rollins, however, trimmed his target on the shares by a buck to $18. The average Street target, according to Bloomberg, is $17.11. Mr. Rollins says Detour Gold should see further share price gains as its mine nears design levels and the strength of its balance sheet improves. Mr. Rollins updated his model on the company to reflect its latest guidance and second quarter results. Although this resulted in Mr. Rollins shaving his price target on the stock, he added that "we continue to believe Detour offers investors an attractive risk/reward opportunity." National Bank Financial analyst Steve Parsons and CIBC World Markets analyst Barry Cooper rated Detour Gold "outperform" in the Eye column on Aug. 28, 2012. The shares could then be had for $25.74. Credit Suisse analyst Anita Soni rated Detour Gold "outperform" in the Eye column on Aug. 16, 2013. In the item Ms. Soni maintained her target at $15. The shares were then going for $11.49.

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