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Fly News Breaks for November 26, 2019
KL, DRGDF
Nov 26, 2019 | 07:16 EDT
TD Securities analyst Steven Green downgraded Detour Gold (DRGDF) to Tender from Buy with a price target of C$25.50, down from C$29.00, after Kirkland Lake Gold (KL) announced a friendly agreement to acquire Detour in an all-share deal. He believes Detour Lake can continue to be optimized under Kirkland management and sees the deal as a positive outcome for Detour shareholders.
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