Beacon Securities Weighs in on Detour Gold Co.’s FY2018 Earnings (DGC)

Detour Gold Co. (TSE:DGC) – Investment analysts at Beacon Securities issued their FY2018 earnings estimates for Detour Gold in a research report issued on Monday. Beacon Securities analyst M. Curran expects that the mining company will post earnings per share of $0.68 for the year. Beacon Securities currently has a “Hold” rating on the stock. Beacon Securities also issued estimates for Detour Gold’s FY2019 earnings at ($0.31) EPS and FY2020 earnings at ($0.30) EPS.

A number of other brokerages have also issued reports on DGC. National Bank Financial lowered shares of Detour Gold from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from C$21.50 to C$14.00 in a research note on Monday. Raymond James Financial dropped their price target on shares of Detour Gold from C$21.00 to C$20.00 and set an “outperform” rating for the company in a research note on Monday. Canaccord Genuity lifted their price target on shares of Detour Gold from C$22.50 to C$23.50 in a research note on Friday, January 19th. Eight Capital lifted their price target on shares of Detour Gold from C$16.65 to C$18.00 in a research note on Tuesday, February 6th. Finally, Desjardins restated a “buy” rating on shares of Detour Gold in a research note on Monday, December 11th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of C$19.41.

Shares of Detour Gold (TSE:DGC) opened at C$12.26 on Wednesday. The stock has a market cap of $2,140.00, a price-to-earnings 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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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.

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

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