Detour Gold Co. (TSE:DGC) – Investment analysts at Beacon Securities cut their Q4 2017 earnings per share (EPS) estimates for Detour Gold in a research note issued on Tuesday. Beacon Securities analyst M. Curran now expects that the mining company will post earnings of $0.12 per share for the quarter, down from their previous forecast of $0.19. Beacon Securities also issued estimates for Detour Gold’s FY2019 earnings at ($0.31) EPS.
Several other analysts also recently issued reports on the company. National Bank Financial upped their price objective on Detour Gold from C$20.50 to C$23.00 in a research report on Friday, July 28th. Canaccord Genuity upped their price objective on Detour Gold from C$21.00 to C$23.00 and gave the company a “buy” rating in a research report on Friday, July 28th. Credit Suisse Group upgraded Detour Gold from a “neutral” rating to an “outperform” rating in a research report on Wednesday, August 2nd. CSFB reduced their price objective on Detour Gold from C$19.00 to C$17.50 in a research report on Tuesday, July 18th. Finally, Scotiabank reduced their price objective on 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. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of C$20.45.
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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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