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Analyst Actions: Detour Gold Corp Price Target Raised at Raymond James

Raymond James Ltd. analyst Brad Humphrey is recommending investors buy Detour Gold Corp. (DGC.TO), which recently closed a $428 million equity financing and is more than one-quarter of the way towards completing construction of its namesake mine in Ontario, the Globe and Mail said. "Well into the construction phase and now fully funded, Detour offers investors an opportunity to gain exposure to a large undeveloped gold asset in a relatively stable mining jurisdiction that is successfully working its way along the 'de-risking path'," he reportedly said.

Humphrey raised his price target by $3 to $45.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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