Q3 2016 EPS Estimates for Detour Gold Co. Decreased by National Bank Financial (DGC)
Detour Gold Co. (TSE:DGC) – Investment analysts at National Bank Financial cut their Q3 2016 earnings per share estimates for shares of Detour Gold in a research note issued on Wednesday. National Bank Financial analyst S. Parsons now expects that the firm will post earnings of ($0.11) per share for the quarter, down from their previous forecast of ($0.08). National Bank Financial currently has a “Outperform” rating on the stock. National Bank Financial also issued estimates for Detour Gold’s FY2017 earnings at $0.73 EPS.
Other research analysts also recently issued research reports about the stock. TD Securities cut their price target on shares of Detour Gold to C$40.00 and set a “buy” rating on the stock in a report on Thursday, September 8th. Desjardins restated a “buy” rating and set a C$36.50 price target on shares of Detour Gold in a report on Friday, July 29th. Canaccord Genuity downgraded shares of Detour Gold from a “buy” rating to a “hold” rating in a report on Tuesday, July 12th. Scotiabank cut their price target on shares of Detour Gold to C$39.00 and set an “outperform” rating on the stock in a report on Thursday, September 8th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a C$4.50 price target on shares of Detour Gold in a report on Thursday, September 8th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Detour Gold presently has an average rating of “Buy” and an average price target of C$25.56.
Detour Gold (TSE:DGC) opened at 23.69 on Monday. The company’s market cap is $4.13 billion. Detour Gold has a 12 month low of $12.45 and a 12 month high of $35.93. The stock’s 50 day moving average is $20.63 and its 200 day moving average is $16.55.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/17/q3-2016-eps-estimates-for-detour-gold-co-decreased-by-national-bank-financial-dgc.html
Detour Gold Company Profile
Detour Gold Corporation is a Canada-based intermediate gold producing company. The Company is engaged in the acquisition, exploration, development and operation of mineral property interests. Its 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.
Receive News & Ratings for Detour Gold Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Detour Gold Co. and related companies with MarketBeat.com's FREE daily email newsletter.