DGC.TO - Detour Gold Corporation

Toronto - Toronto Delayed Price. Currency in CAD
18.80
+0.05 (+0.27%)
At close: 4:00PM EST
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Previous Close18.75
Open18.74
Bid18.84 x 0
Ask18.85 x 0
Day's Range18.61 - 18.96
52 Week Range9.55 - 25.45
Volume389,398
Avg. Volume915,028
Market Cap3.316B
Beta (3Y Monthly)0.17
PE Ratio (TTM)98.43
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • What Kind Of Shareholders Own Detour Gold Corporation (TSE:DGC)?
    Simply Wall St.

    What Kind Of Shareholders Own Detour Gold Corporation (TSE:DGC)?

    Every investor in Detour Gold Corporation (TSE:DGC) should be aware of the most powerful shareholder groups. Insiders...

  • Sprott CEO Hunting for Bargains Among Beaten-Up Gold Miners
    Bloomberg

    Sprott CEO Hunting for Bargains Among Beaten-Up Gold Miners

    (Bloomberg) -- Canada’s $8 billion precious metals-focused fund manager is bargain-hunting for stakes of mining firms that have seen valuations tumble.“Look for the companies that are beaten up,” Sprott Inc. Chief Executive Officer Peter Grosskopf said, sharing his company’s investment strategy. If the bigger producers of the metal don’t end up buying their smaller rivals, “the juniors will consolidate among themselves to create bigger companies,” he said.Gold miners may become attractive targets as the supply pipelines of their bigger rivals start running dry. Reserves still buried in mines owned by the largest producers have fallen by more than half from a 2011 peak, according to data from Bloomberg Intelligence.Detour Gold Corp. was an example of one those beaten-up companies and “somebody missed that one as an acquisition candidate,” Grosskopf said in an interview in New York Tuesday. In August, Sprott agreed to buy Tocqueville Asset Management’s gold strategy business. Tocqueville owns a 4.6% stake in Detour Gold.Tocqueville had started investing in Detour Gold a few years ago when the miner was in bad shape, he said.Detour Gold shares have climbed 72% this year after Paulson & Co. convinced shareholders of the mining company to overhaul its board of directors, including its interim CEO, ending a nasty six-month proxy battle. The stock fell 22% last year.Torex Gold Resources Inc. is another attractive asset that could be a potential target, according to Sprott.While the next wave of consolidation involving smaller gold producers may take at least five years, Sprott and Tocqueville were confident of the strength in the gold rally.Gold prices have climbed this year as signs of weakening global growth bolstered the case for the Federal Reserve to keep cutting U.S. borrowing costs, boosting the appeal of the non-interest bearing metal. Earlier this month, Fed Chairman Jerome Powell said the central bank will resume purchases of Treasury securities in an effort to avoid a repeat of recent turmoil in money markets.Spot gold rose 0.5% to $1,488.88 an ounce at 1:27 p.m. in New York. The metal is up 16% this year.(Updates with outlook for gold prices in final three paragraphs.)To contact the reporters on this story: Vinicy Chan in New York at vchan91@bloomberg.net;Justina Vasquez in New York at jvasquez57@bloomberg.netTo contact the editors responsible for this story: Luzi Ann Javier at ljavier@bloomberg.net, Steven FrankFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Don't Sell Detour Gold Corporation (TSE:DGC) Before You Read This
    Simply Wall St.

    Don't Sell Detour Gold Corporation (TSE:DGC) Before You Read This

    This article is written for those who want to get better at using price to earnings ratios (P/E ratios). We'll apply a...

  • A Closer Look At Detour Gold Corporation's (TSE:DGC) Uninspiring ROE
    Simply Wall St.

    A Closer Look At Detour Gold Corporation's (TSE:DGC) Uninspiring ROE

    While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...

  • Is Detour Gold Corporation’s (TSE:DGC) 3.5% ROCE Any Good?
    Simply Wall St.

    Is Detour Gold Corporation’s (TSE:DGC) 3.5% ROCE Any Good?

    Today we are going to look at Detour Gold Corporation (TSE:DGC) to see whether it might be an attractive investment...

  • Thomson Reuters StreetEvents

    Edited Transcript of DGC.TO earnings conference call or presentation 31-Jul-19 2:00pm GMT

    Q2 2019 Detour Gold Corp Earnings Call

  • A Look At The Fair Value Of Detour Gold Corporation (TSE:DGC)
    Simply Wall St.

    A Look At The Fair Value Of Detour Gold Corporation (TSE:DGC)

    Today we will run through one way of estimating the intrinsic value of Detour Gold Corporation (TSE:DGC) by estimating...

  • Investors Who Bought Detour Gold (TSE:DGC) Shares Three Years Ago Are Now Down 57%
    Simply Wall St.

    Investors Who Bought Detour Gold (TSE:DGC) Shares Three Years Ago Are Now Down 57%

    If you are building a properly diversified stock portfolio, the chances are some of your picks will perform badly. But...

  • Thomson Reuters StreetEvents

    Edited Transcript of DGC.TO earnings conference call or presentation 3-May-19 2:00pm GMT

    Q1 2019 Detour Gold Corp Earnings Call

  • Do Institutions Own Detour Gold Corporation (TSE:DGC) Shares?
    Simply Wall St.

    Do Institutions Own Detour Gold Corporation (TSE:DGC) Shares?

    Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! A look at the shareholders of Detour Gold Corporation (TSE:DGC) can tell us which group is most power...

  • Should You Be Concerned About Detour Gold Corporation's (TSE:DGC) Historical Volatility?
    Simply Wall St.

    Should You Be Concerned About Detour Gold Corporation's (TSE:DGC) Historical Volatility?

    Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! If you own shares in Detour Gold Corporation (TSE:DGC) then it's worth thinking about how it contributes to the volatility of...

  • Is Detour Gold Corporation’s (TSE:DGC) 2.4% ROE Worse Than Average?
    Simply Wall St.

    Is Detour Gold Corporation’s (TSE:DGC) 2.4% ROE Worse Than Average?

    Want to participate in a short research study? Help shape the future of investing tools and receive a $20 prize! One of the best investments we can make is inRead More...

  • Read This Before Selling Detour Gold Corporation (TSE:DGC) Shares
    Simply Wall St.

    Read This Before Selling Detour Gold Corporation (TSE:DGC) Shares

    It is not uncommon to see companies perform well in the years after insiders buy shares. The flip side of that is that there are more than a few examples Read More...

  • Reuters

    Detour Gold names Paulson-backed Bill Williams as interim CEO

    Detour Gold said on Thursday it has picked Paulson & Co-backed nominee Bill Williams to be its interim chief executive officer, replacing Michael Kenyon. The Canadian gold miner was previously involved in a months-long proxy fight with billionaire John Paulson's hedge fund, which pushed for a complete overhaul of the board and Kenyon's resignation. Williams is a mining industry veteran and was a former CEO of gold and copper miner Orvana Minerals Corp.

  • Reuters

    PRESS DIGEST- Canada - Dec 14

    The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy. THE GLOBE AND MAIL ** Detour Gold Corp shareholders on ...

  • Reuters

    Paulson's success at Detour Gold could serve as 'template' for future activism

    Billionaire hedge fund manager John Paulson's success in ousting the bulk of Detour Gold Corp's board could serve as a "template" for an expected increase in shareholder activism in the gold sector, institutional investors said on Thursday. The Canadian mining company's shareholders voted for five board nominees backed by Paulson & Co at a special meeting on Thursday, and Detour's interim chief executive officer and the chairman were not re-elected to the nine-member board. Paulson's campaign could have implications across the sector, where activism is historically low, returns have been disappointing, compensation is above-average and insider ownership is below-average, Desjardins Group analysts wrote in a note.

  • Reuters

    Detour Gold shareholders vote against CEO, chairman - Globe & Mail

    Detour Gold Corp's shareholders on Thursday voted to remove five of its nine board members, including Chief Executive Officer Michael Kenyon and Chairman Alex Morrison, the Globe & Mail reported https://tgam.ca/2EhLj7f. ...

  • Simply Wall St.

    Intrinsic Calculation For Detour Gold Corporation (TSE:DGC) Shows Investors Are Overpaying

    In this article I am going to calculate the intrinsic value of Detour Gold Corporation (TSE:DGC) by taking the foreast future cash flows of the company and discounting them back Read More...

  • Reuters

    Detour Gold extends voting as early results suggest board shakeup

    Detour Gold said on Monday it extended the voting deadline by two days after some shareholders with substantial holding voted to replace the entire board. In response to Detour's move, activist investor John Paulson urged the company to release the voting results and respect the will of the shareholders. Detour's management has been resisting Paulson's push for a board shakeup and the immediate dismissal of interim Chief Executive Officer Michael Kenyon and Chairman Alex Morrison.

  • Reuters

    CANADA STOCKS-TSX gains on rise in energy shares, strong jobs report

    Canada's main stock index rose on Friday due to a rally in oil prices and a robust domestic jobs data, which eased worries over a recent economic slowdown. * Canada added a record number of jobs in November ...