Detour Gold Co. to Post FY2017 Earnings of $0.70 Per Share, Cormark Forecasts (DGC)
Detour Gold Co. (TSE:DGC) – Cormark increased their FY2017 earnings per share (EPS) estimates for Detour Gold in a research note issued to investors on Thursday. Cormark analyst R. Gray now expects that the mining company will earn $0.70 per share for the year, up from their prior estimate of $0.51. Cormark also issued estimates for Detour Gold’s Q4 2017 earnings at $0.15 EPS and FY2018 earnings at $0.81 EPS.
Several other research analysts have also commented on DGC. National Bank Financial dropped their price target on shares of Detour Gold from C$22.50 to C$21.50 and set an “outperform” rating on the stock in a research note on Friday. CSFB upgraded shares of Detour Gold from a “neutral” rating to an “outperform” rating and set a C$16.00 price target on the stock in a research note on Thursday. Scotiabank dropped their price target on shares of Detour Gold from C$21.00 to C$18.00 and set an “outperform” rating on the stock in a research note on Thursday. Canaccord Genuity increased their price target on shares of Detour Gold from C$21.00 to C$22.50 in a research note on Friday, September 29th. Finally, Credit Suisse Group upgraded shares of Detour Gold from a “neutral” rating to an “outperform” rating in a research note on Wednesday, August 2nd. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of C$20.45.
Shares of Detour Gold (TSE DGC) opened at 13.60 on Monday. Detour Gold has a 12 month low of $13.01 and a 12 month high of $26.71. The stock has a market capitalization of $2.38 billion and a PE ratio of 90.67. The company’s 50-day moving average is $14.57 and its 200-day moving average is $15.89.
In other news, Director Paul Douglas Martin bought 6,250 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were acquired at an average cost of C$15.43 per share, for a total transaction of C$96,437.50.
About Detour Gold
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.
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