Analysts Issue Forecasts for Detour Gold Co.’s FY2017 Earnings (DGC)
Detour Gold Co. (TSE:DGC) – Analysts at National Bank Financial boosted their FY2017 earnings estimates for Detour Gold in a research note issued to investors on Tuesday. National Bank Financial analyst M. Parkin now forecasts that the mining company will post earnings of $0.59 per share for the year, up from their previous estimate of $0.55. National Bank Financial also issued estimates for Detour Gold’s FY2018 earnings at $0.76 EPS.
A number of other research analysts have also recently issued reports on the company. Canaccord Genuity lifted their price target on Detour Gold from C$21.00 to C$23.00 and gave the company a “buy” rating in a report on Friday, July 28th. CSFB cut their price target on Detour Gold from C$19.00 to C$17.50 in a report on Tuesday, July 18th. Finally, Credit Suisse Group raised Detour Gold from a “neutral” rating to an “outperform” rating in a report on Wednesday, August 2nd. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of C$21.05.
Detour Gold (TSE DGC) opened at 14.02 on Thursday. The company has a market cap of $2.45 billion and a price-to-earnings ratio of 93.47. Detour Gold has a 12 month low of $13.24 and a 12 month high of $27.08. The company has a 50-day moving average of $15.22 and a 200-day moving average of $16.00.
In other news, Director Paul Douglas Martin acquired 6,250 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was purchased at an average cost of C$15.43 per share, for a total transaction of C$96,437.50.
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.
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