Brokers Offer Predictions for Detour Gold Co.’s Q4 2017 Earnings (DGC)

Detour Gold Co. (TSE:DGC) – Equities research analysts at Beacon Securities cut their Q4 2017 earnings per share estimates for shares of Detour Gold in a report released on Tuesday, Zacks Investment Research reports. Beacon Securities analyst M. Curran now anticipates that the mining company will earn $0.12 per share for the quarter, down from their prior estimate of $0.19. Beacon Securities also issued estimates for Detour Gold’s FY2019 earnings at ($0.31) EPS.

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A number of other brokerages have also commented on DGC. National Bank Financial cut their price target on Detour Gold from C$22.50 to C$21.50 and set an “outperform” rating for the company in a report on Friday, October 27th. Scotiabank cut their price target on Detour Gold from C$21.00 to C$18.00 and set an “outperform” rating for the company in a report on Thursday, October 26th. CSFB upgraded Detour Gold from a “neutral” rating to an “outperform” rating and set a C$16.00 price target for the company in a report on Thursday, October 26th. Canaccord Genuity upped their price target on Detour Gold from C$21.00 to C$22.50 in a report on Friday, September 29th. Finally, Credit Suisse Group upgraded Detour Gold from a “neutral” rating to an “outperform” rating in a research report on Wednesday, August 2nd. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Detour Gold presently has a consensus rating of “Buy” and an average target price of C$20.45.

Shares of Detour Gold (TSE:DGC) opened at C$13.47 on Thursday. Detour Gold has a 1-year low of C$13.01 and a 1-year high of C$21.48.

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

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