Cormark Analysts Increase Earnings Estimates for Detour Gold Co. (DGC)

Detour Gold Co. (TSE:DGC) – Cormark lifted their Q4 2017 earnings per share estimates for Detour Gold in a report released on Tuesday. Cormark analyst R. Gray now expects that the mining company will post earnings of $0.23 per share for the quarter, up from their previous estimate of $0.15.

DGC has been the subject of a number of other research reports. National Bank Financial reduced their target price on 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. BMO Capital Markets set a C$26.00 target price on Detour Gold and gave the company an “outperform” rating in a report on Thursday, January 18th. Desjardins restated a “buy” rating on shares of Detour Gold in a report on Monday, December 11th. Eight Capital restated a “buy” rating on shares of Detour Gold in a report on Thursday, November 16th. Finally, Scotiabank reduced their target price on 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. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of C$20.10.

Shares of Detour Gold (TSE:DGC) opened at C$13.31 on Thursday. The company has a market capitalization of $2,330.00, a price-to-earnings ratio of 31.69 and a beta of -1.61. Detour Gold has a 52-week low of C$11.78 and a 52-week high of C$19.28.

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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.

Earnings History and Estimates for Detour Gold (TSE:DGC)

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