Detour Gold Co. (TSE:DGC) – Equities researchers at Cormark cut their FY2018 earnings per share estimates for shares of Detour Gold in a report released on Thursday. Cormark analyst R. Gray now forecasts that the mining company will earn $0.72 per share for the year, down from their prior estimate of $0.81.

Other equities analysts have also issued reports about the stock. Canaccord Genuity lifted their price objective on shares of Detour Gold from C$22.50 to C$23.50 in a report on Friday. BMO Capital Markets set a C$26.00 price objective on shares of Detour Gold and gave the company an “outperform” rating in a report on Thursday, January 18th. Scotiabank cut their price objective on shares of Detour Gold from C$21.00 to C$18.00 and set an “outperform” rating on the stock in a report on Thursday, October 26th. CSFB raised shares of Detour Gold from a “neutral” rating to an “outperform” rating and set a C$16.00 price objective on the stock in a report on Thursday, October 26th. Finally, Eight Capital reissued a “buy” rating on shares of Detour Gold in a report on Thursday, November 16th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Detour Gold currently has an average rating of “Buy” and a consensus target price of C$20.70.

Shares of Detour Gold (DGC) traded down C$0.09 during mid-day trading on Monday, reaching C$13.90. 446,062 shares of the company traded hands, compared to its average volume of 882,723. The stock has a market capitalization of $2,490.00, a price-to-earnings ratio of 33.90 and a beta of -1.65. Detour Gold has a 12 month low of C$12.50 and a 12 month high of C$20.42.

Detour Gold (TSE:DGC) last posted its quarterly earnings results on Wednesday, October 25th. The mining company reported C$0.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.15 by C$0.11. Detour Gold had a net margin of 25.07% and a return on equity of 8.60%. COPYRIGHT VIOLATION NOTICE: “Detour Gold Co. Expected to Earn FY2018 Earnings of $0.72 Per Share (DGC)” was first reported by Watch List News and is the sole property of of Watch List News. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States and international trademark & copyright laws. The legal version of this article can be read at https://www.watchlistnews.com/detour-gold-co-expected-to-earn-fy2018-earnings-of-0-72-per-share-dgc/1820263.html.

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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