BMO Capital Reconfirms a “Outperform” Rating on Packaging of America (PKG) and $122 Target; 7 Bullish Analysts Covering Detour Gold (TSE:DGC)




August 22, 2017 – By Adrian Mccoy




Among 14 analysts covering Packaging Corporation of America (NYSE:PKG), 5 have Buy rating, 1 Sell and 8 Hold. Therefore 36% are positive. Packaging Corporation of America has $12800 highest and $59 lowest target. $84.70’s average target is -21.17% below currents $107.44 stock price. Packaging Corporation of America had 41 analyst reports since July 23, 2015 according to SRatingsIntel. The stock of Packaging Corp Of America (NYSE:PKG) has “Equal-Weight” rating given on Monday, February 6 by Barclays Capital. The rating was downgraded by BMO Capital Markets to “Market Perform” on Tuesday, November 15. The firm has “Buy” rating given on Wednesday, August 2 by BMO Capital Markets. The company was downgraded on Monday, April 11 by Dundee Securities. The company was maintained on Thursday, July 14 by Jefferies. The stock has “Neutral” rating by Bank of America on Tuesday, September 15. The rating was maintained by Citigroup on Wednesday, August 31 with “Neutral”. The firm has “Market Perform” rating given on Monday, July 10 by Wells Fargo. The company was upgraded on Thursday, July 13 by Goldman Sachs. The rating was maintained by Jefferies with “Buy” on Thursday, June 1.

Among 10 analysts covering Detour Gold Corporation (TSE:DGC), 7 have Buy rating, 0 Sell and 3 Hold. Therefore 70% are positive. Detour Gold Corporation had 49 analyst reports since August 4, 2015 according to SRatingsIntel. The company was downgraded on Wednesday, November 2 by Credit Suisse. The firm earned “Buy” rating on Friday, July 29 by TD Securities. The stock has “Outperform” rating by RBC Capital Markets on Monday, August 24. On Thursday, November 3 the stock rating was downgraded by IBC to “Sector Perform”. The firm has “Outperform” rating given on Wednesday, March 15 by Scotia Capital. The firm earned “Buy” rating on Friday, July 29 by Desjardins Securities. The stock of Detour Gold Corporation (TSE:DGC) earned “Buy” rating by TD Securities on Friday, April 28. The stock of Detour Gold Corporation (TSE:DGC) has “Outperform” rating given on Wednesday, November 2 by RBC Capital Markets. On Friday, April 28 the stock rating was maintained by Scotia Capital with “Outperform”. The company was maintained on Thursday, January 14 by RBC Capital Markets. See Detour Gold Corporation (TSE:DGC) latest ratings:

28/04/2017 Broker: Scotia Capital Rating: Outperform New Target: $21.00 Maintain
28/04/2017 Broker: TD Securities Rating: Buy New Target: $22.00 Maintain
24/03/2017 Broker: TD Securities Rating: Old Target: $25.00 New Target: $22.00 Target Down
24/03/2017 Broker: IBC Rating: Old Target: $21.00 New Target: $17.00 Target Down
23/03/2017 Broker: Scotia Capital Rating: Outperform Old Target: $24.00 New Target: $21.00 Target Down
23/03/2017 Broker: Credit Suisse Rating: Old Target: $21.00 New Target: $19.00 Target Down
21/03/2017 Broker: Canaccord Genuity Rating: Buy Old Target: $26.50 New Target: $25.00 Target Down
15/03/2017 Broker: Scotia Capital Rating: Outperform New Target: $24.00 Maintain

About 56,985 shares traded. Detour Gold Corporation (TSE:DGC) has 0.00% since August 22, 2016 and is . It has underperformed by 16.70% the S&P500.

Detour Gold Corporation is a Canada intermediate gold producing company. The company has market cap of $2.82 billion. The Firm is engaged in the acquisition, exploration, development and operation of mineral property interests. It has a 84.74 P/E ratio. The Company’s primary asset is its Detour Lake mine, which is an open pit operation located in northeastern Ontario, approximately 300 kilometers northeast of Timmins and over 180 kilometers by road northeast of Cochrane.

Investors sentiment increased to 1.1 in 2016 Q4. Its up 0.05, from 1.05 in 2016Q3. It increased, as 30 investors sold Packaging Corp Of America shares while 155 reduced holdings. 63 funds opened positions while 140 raised stakes. 80.00 million shares or 0.29% less from 80.23 million shares in 2016Q3 were reported. Sasco Capital Ct holds 0.03% of its portfolio in Packaging Corp Of America (NYSE:PKG) for 12,751 shares. Verition Fund Management Lc reported 7,349 shares. D E Shaw & reported 6,418 shares stake. 411 were reported by Hanseatic Services. Northern owns 1.01M shares or 0.03% of their US portfolio. Japan-based Sumitomo Mitsui Asset Management Limited has invested 0.01% in Packaging Corp Of America (NYSE:PKG). 13,617 are owned by Jaffetilchin Ptnrs Lc. Strategy Asset Managers Ltd Liability Company accumulated 5,700 shares. Catalyst Cap Advsr Llc holds 755 shares. Mayo Advisers Limited Liability Corp has 0.26% invested in Packaging Corp Of America (NYSE:PKG). Ngam Lp holds 125,209 shares. Fiduciary Trust reported 0.02% stake. Prelude Mgmt Lc invested in 0% or 421 shares. Hsbc Hldg Public Ltd Liability Co has 44,206 shares. Westpac holds 0% or 5,874 shares in its portfolio.

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By Adrian Mccoy

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