Beacon Securities Comments on Detour Gold Co.’s Q1 2018 Earnings (DGC)

Detour Gold Co. (TSE:DGC) – Beacon Securities issued their Q1 2018 earnings per share (EPS) estimates for shares of Detour Gold in a research note issued to investors on Monday. Beacon Securities analyst M. Curran forecasts that the mining company will earn $0.15 per share for the quarter. Beacon Securities currently has a “Hold” rating on the stock. Beacon Securities also issued estimates for Detour Gold’s Q2 2018 earnings at $0.15 EPS, Q3 2018 earnings at $0.18 EPS and Q4 2018 earnings at $0.18 EPS.

A number of other brokerages have also issued reports on DGC. BMO Capital Markets set a C$26.00 price target on Detour Gold and gave the stock an “outperform” rating in a research note on Thursday, January 18th. Canaccord Genuity lifted their price target on Detour Gold from C$22.50 to C$23.50 in a research note on Friday, January 19th. Eight Capital reaffirmed a “buy” rating on shares of Detour Gold in a research note on Thursday, November 16th. Desjardins reaffirmed a “buy” rating on shares of Detour Gold in a research note on Monday, December 11th. Finally, National Bank Financial lowered Detour Gold from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from C$21.50 to C$14.00 in a research note on Monday. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of C$19.41.

Shares of Detour Gold (TSE:DGC) opened at C$12.26 on Tuesday. The stock has a market capitalization of $2,140.00, a P/E ratio of 19.16 and a beta of -1.40. Detour Gold has a 12 month low of C$11.48 and a 12 month high of C$18.88.

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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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