|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||16.91 - 17.52|
|52 Week Range||7.19 - 19.11|
|Beta (3Y Monthly)||0.17|
|PE Ratio (TTM)||331.63|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
It hasn't been the best quarter for Detour Gold Corporation (TSE:DGC) shareholders, since the share price has fallen...
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). We'll apply a...
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.
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. ...
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.
Independent proxy adviser Glass Lewis and hedge fund Livermore Partners on Wednesday joined activist investor Paulson & Co's call to make changes to the board of Canadian miner Detour Gold Corp. Glass Lewis recommended replacing Detour Chairman Alex Morrison and two other board members with Paulson nominees, while Livermore affirmed its call for an overhaul of the board. Livermore also confirmed its intention to vote in favor of Paulson's nominees.
Proxy adviser Glass Lewis on Wednesday recommended replacing Detour Gold Chairman Alex Morrison and two other board members with nominees from activist investor Paulson & Co. Detour's existing 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.
Institutional Shareholder Services Inc (ISS) has advised shareholders to vote for Detour Gold Corp's refreshed board of directors at an upcoming special shareholders' meeting, stopping short of more aggressive changes demanded by activist investor Paulson & Co, the company said on Monday. Detour's existing management has been resisting Paulson's call for a complete overall of the board and immediate dismissal of interim Chief Executive Officer Michael Kenyon and board member Alex Morrison. The Canadian miner's proposals for the shareholders' meeting on Dec. 11 include approval of two Paulson nominees for the board but stop short of the six to eight changes the hedge fund has called for.
Institutional Shareholder Services Inc has recommended shareholders to vote in favor of Detour Gold Corp's plans at the upcoming special shareholders meeting, giving the gold miner a boost in its proxy ...
Detour Gold Corp said on Thursday Chief Executive Officer Michael Kenyon will head the company until it finds a permanent replacement, pushing back against hedge fund Paulson & Co's demand to immediately replace him. Paulson & Co, which has a stake of about 6 percent in the miner, has pushed for Kenyon's resignation, saying the company had "unsuccessfully tried to boost short-term performance" including "questionably running up its accounts payable to exaggerate cash flows". In a letter to shareholders on Thursday signed by Chairman Alex Morrison and other directors, Detour said it had "tried hard to settle with Paulson," but was unable to reach an agreement.
TORONTO , Nov. 29, 2018 /CNW/ - Detour Gold Corporation (DGC.TO) ("Detour Gold" or the "Company") filed a letter to shareholders today ahead of its Special Meeting of Shareholders (the "Meeting") to be held December 11, 2018 at 10:00 a.m. (EST) in Toronto . The letter, included below, spotlights the clear choice for shareholders: the responsible change the Company is recommending which balances shareholders' desire for change with the continuity needed to ensure successful execution of the 2018 Life of Mine Plan versus the reckless wholesale board change being demanded by Paulson and Co. ("Paulson") that results in a Board Paulson controls and one that jeopardizes the continued successful execution of the 2018 Life of Mine Plan and puts shareholders' investments at risk.