Detour Gold Co. (TSE:DGC) – Equities researchers at National Bank Financial upped their FY2017 EPS estimates for shares of Detour Gold in a research note issued on Thursday. National Bank Financial analyst M. Parkin now forecasts that the mining company will post earnings of $0.61 per share for the year, up from their previous forecast of $0.59. National Bank Financial has a “Outperform” rating and a $21.50 price objective on the stock. National Bank Financial also issued estimates for Detour Gold’s FY2020 earnings at $0.41 EPS.
A number of other research analysts also recently commented on DGC. CSFB raised shares of 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. Scotiabank reduced 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 research report on Thursday, October 26th. Canaccord Genuity increased their price objective on shares of Detour Gold from C$21.00 to C$22.50 in a research report on Friday, September 29th. Finally, Credit Suisse Group raised shares of Detour Gold from a “neutral” rating to an “outperform” rating in a research report on Wednesday, August 2nd. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of C$20.45.
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Shares of Detour Gold (DGC) opened at 13.81 on Monday. Detour Gold has a 1-year low of $13.01 and a 1-year high of $26.71. The company has a market cap of $2.41 billion and a price-to-earnings ratio of 92.07. The company’s 50-day moving average price is $14.48 and its 200 day moving average price is $15.84.
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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