|Bid||9.99 x 0|
|Ask||10.37 x 0|
|Day's Range||10.11 - 10.41|
|52 Week Range||9.11 - 15.40|
|Beta (3Y Monthly)||0.58|
|PE Ratio (TTM)||37.70|
|Earnings Date||Oct 30, 2017 - Nov 3, 2017|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||12.40|
Hedge fund Paulson & Co on Thursday called for the immediate resignation of Detour Gold Corp's interim Chief Executive Officer Michael Kenyon and board member Alex Morrison, adding it does not favor a fire sale of the gold miner. Detour Gold, in response, reiterated Kenyon was staying on until a permanent CEO was named and Paulson's proxy fight was preventing that.
Paulson & Co. Inc. (“Paulson”), one of the largest, long-term shareholders in Detour Gold Corporation (DGC.TO) ("Detour Gold" or the "Company”), announced that it purchased additional shares of Detour Gold after the Company reported its third quarter results and the share price declined. The purchase brings Paulson’s total position in Detour Gold to 9,915,900 shares.
Choose Detour Gold's Recommended and Refreshed Board to Oversee Value Creation for All Shareholders; Do Not Support Paulson's Self-Serving Fire Sale Agenda
Detour Gold Corp said on Thursday it agreed to name two of investor Paulson & Co's nominees to its board as it looks to end a proxy fight with the hedge fund that had called for a complete overhaul of the board. The gold miner also said its interim chief executive officer would step down as a director and it would start looking for a new CEO once the proxy fight ends. Billionaire John Paulson, the hedge fund's manager, said the company had failed to recruit and oversee a management team capable of operating its main mine in a manner that delivers returns to shareholders, Bloomberg reported in June.
Paulson & Co. Inc. (“Paulson”), one of the largest, long-term shareholders in Detour Gold Corporation (DGC.TO) ("Detour Gold" or the "Company”), today released a list of questions it believes the Company should address in the circular it files for the upcoming Special Meeting.
NEW YORK, NY / ACCESSWIRE / October 31, 2018 / Research Driven Investing strives to provide investors with free daily equity research reports analyzing major market events. Take a few minutes to register ...
If you own shares in Detour Gold Corporation (TSE:DGC) then it’s worth thinking about how it contributes to the volatility of your portfolio, overall. In finance, Beta is a measure Read More...
Canada's main stock index rose on Friday after data showed annual inflation rate dipped as price pressures from gas and air travel eased. * At 9:48 a.m. ET , the Toronto Stock Exchange's S&P/TSX composite ...
NORTHBROOK, IL , Oct. 16, 2018 /CNW/ - Livermore Partners ("Livermore"), a private investment firm, today announced that it delivered a letter to the Board of Directors (the "Board") of Detour Gold Corporation (DGC.TO) ("Detour Gold" or the "Company") voicing Livermore's disappointment with the recent conduct of the Board and expressing its serious concerns with numerous governance and operational matters at the Company.
U.S. hedge fund Livermore Partners has called for an overhaul of the board at Detour Gold Corp and a strategic review, becoming the second activist to target the Canadian mining company. Livermore sent a letter dated Oct. 16 to Detour in which Livermore Managing Director David Neuhauser said the board had failed its shareholders on "numerous governance and operational matters." The letter was seen by Reuters. Livermore has engaged in other activist campaigns including at Canadian and UK media company Entertainment One Ltd.
Shareholder Disappointed but not Surprised by Board’s Entrenchment and Disingenuous Approach to Negotiations NEW YORK, Oct. 12, 2018 -- Paulson & Co. Inc. (“Paulson”), one.
Hedge fund Paulson & Co has rejected proposals from Canadian miner Detour Gold Corp which would have removed its interim chief executive officer in aid of settling a proxy dispute over the company's future, Detour said on Friday. The settlement Detour said it had proposed to Paulson on Oct. 9 would have resulted in almost half of its board being refreshed in six weeks, with interim CEO Michael Kenyon stepping down before the next annual general meeting. A spokesman for Paulson said it had instead made new proposals to Detour earlier on Friday and was continuing to press for a complete change of the board.
Canadian gold miner Detour Gold Corp said on Friday that its settlement offer regarding management changes, which included a plan to appoint a new chief executive officer, was rejected by hedge fund Paulson & Co. The settlement would have resulted in almost half of its board being refreshed in six weeks, with interim CEO Michael Kenyon stepping down before the next annual general meeting. Detour had also offered to drop a civil claim against activist investor John Paulson's hedge fund, which owns 5.4 percent stake in the company.
TORONTO , Oct. 12, 2018 /CNW/ - Detour Gold Corporation (DGC.TO) ("Detour Gold" or the "Company") responds to numerous shareholders who have encouraged a constructive dialogue and negotiated settlement with Paulson & Co. ("Paulson"), Chairman Alex Morrison has released the details of Detour Gold's latest offer of settlement of October 9th , that was rejected this morning by Marcelo Kim of Paulson.
Paulson & Co. Inc. (“Paulson”), one of the largest, long-term shareholders in Detour Gold Corporation (DGC.TO) (“Detour Gold” or the “Company”), today published an investor presentation for fellow shareholders.
Investors are always looking for growth in small-cap stocks like Detour Gold Corporation (TSE:DGC), with a market cap of CA$1.82b. However, an important fact which most ignore is: how financiallyRead More...
"As part of Detour Gold's ongoing board refreshment and enhancement process, we are very pleased to welcome Alan, Jim, and Judy to the Board and look forward to their contributions as we execute on our 2018 Life of Mine Plan to deliver long-term value to all shareholders," said Alex Morrison , Chairman. Not only is Detour Lake the largest gold mining operation in Canada , it has one of the largest gold reserve endowments in the world, providing tremendous optionality to a rising gold price over at least the next two decades.
Detour Gold Corrects Paulson's False Assertions on Director and Officer Shareholdings - Representative of Continued Impulsive and Inexperienced Behaviour
“Paulson is the only one pushing for a September meeting for reasons that benefit only Paulson,” Detour said by email, noting the meeting had been set well within the standard time frame. “Shareholders have a clear choice between an inexperienced and impulsive Paulson whose very presence is destroying value and an experienced and mature board and management team at Detour Gold who is leaving no stone unturned to review strategic opportunities and execute on the life of mine plan,” the company said. Backed by other shareholders, Paulson sent a letter to Detour’s board in June demanding the miner explore all strategic alternatives, including a possible sale.
Paulson & Co. Inc. (“Paulson”) criticized the decision by the Board of Directors of Detour Gold Corporation (DGC.TO) ("Detour Gold" or the "Company”) to force shareholders to wait until December 11 before being able to vote on a new independent Board. The latest entrenchment tactic impedes and delays Paulson’s efforts to hold the Board accountable for ongoing substantial value destruction. Many significant shareholders have publicly endorsed replacing directors. “It is inexcusable that the Board delayed the meeting and refused to hold itself accountable to shareholders,” said Marcelo Kim, a Partner at Paulson.