Detour Gold Co. (TSE:DGC) – Investment analysts at Cormark reduced their FY2018 earnings per share (EPS) estimates for Detour Gold in a note issued to investors on Thursday. Cormark analyst R. Gray now forecasts that the mining company will earn $0.72 per share for the year, down from their previous forecast of $0.81.
A number of other brokerages also recently issued reports on DGC. BMO Capital Markets set a C$26.00 price objective on shares of Detour Gold and gave the company an “outperform” rating in a research report on Thursday. Canaccord Genuity boosted their price objective on shares of Detour Gold from C$21.00 to C$22.50 in a research report on Friday, September 29th. Scotiabank dropped their target price on shares of Detour Gold from C$21.00 to C$18.00 and set an “outperform” rating for the company in a report on Thursday, October 26th. CSFB raised shares of Detour Gold from a “neutral” rating to an “outperform” rating and set a C$16.00 target price for the company in a report on Thursday, October 26th. Finally, National Bank Financial dropped their target price on shares of Detour Gold from C$22.50 to C$21.50 and set an “outperform” rating for the company in a report on Friday, October 27th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Detour Gold presently has a consensus rating of “Buy” and a consensus target price of C$20.70.
Detour Gold (TSE:DGC) last issued its quarterly earnings data on Wednesday, October 25th. The mining company reported C$0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.15 by C$0.11. Detour Gold had a net margin of 25.07% and a return on equity of 8.60%. ILLEGAL ACTIVITY WARNING: This report was published by American Banking News and is owned by of American Banking News. If you are reading this report on another publication, it was illegally copied and republished in violation of United States and international trademark & copyright legislation. The legal version of this report can be viewed at https://www.americanbankingnews.com/2018/01/22/detour-gold-co-dgc-expected-to-earn-fy2018-earnings-of-0-72-per-share.html.
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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