Detour Gold Co. (DGC) Forecasted to Post Q3 2017 Earnings of $0.16 Per Share
Detour Gold Co. (TSE:DGC) – Research analysts at Cormark reduced their Q3 2017 EPS estimates for shares of Detour Gold in a report issued on Wednesday. Cormark analyst R. Gray now forecasts that the firm will earn $0.16 per share for the quarter, down from their prior estimate of $0.17. Cormark also issued estimates for Detour Gold’s FY2017 earnings at $0.69 EPS.
Several other equities research analysts have also weighed in on DGC. Desjardins dropped their target price on Detour Gold to C$31.50 in a research report on Thursday, October 20th. Canaccord Genuity dropped their target price on Detour Gold to C$32.00 and set a “buy” rating on the stock in a research report on Monday, October 24th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Detour Gold in a research report on Wednesday, November 2nd. CSFB lowered Detour Gold from an “outperform” rating to a “negative” rating and set a C$35.00 target price on the stock. in a research report on Wednesday, November 2nd. Finally, CIBC lowered Detour Gold from an “outperform” rating to a “sector perform” rating and set a C$26.00 target price on the stock. in a research report on Thursday, November 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of C$27.50.
Shares of Detour Gold (TSE:DGC) opened at 17.25 on Thursday. The stock’s market capitalization is $3.01 billion. Detour Gold has a 52-week low of $14.36 and a 52-week high of $35.93. The company has a 50 day moving average of $20.63 and a 200 day moving average of $16.55.
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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