Detour Gold (DGC) Stock Rating Reaffirmed by Desjardins

Desjardins reiterated their buy rating on shares of Detour Gold (TSE:DGC) in a research note issued to investors on Monday. Desjardins also issued estimates for Detour Gold’s Q4 2017 earnings at $0.18 EPS, FY2017 earnings at $0.72 EPS, Q1 2018 earnings at $0.13 EPS, Q2 2018 earnings at $0.17 EPS, Q3 2018 earnings at $0.19 EPS, Q4 2018 earnings at $0.21 EPS, FY2018 earnings at $0.69 EPS, Q1 2019 earnings at $0.14 EPS, Q2 2019 earnings at $0.14 EPS, Q3 2019 earnings at $0.14 EPS, FY2019 earnings at $0.54 EPS, FY2020 earnings at $0.40 EPS and FY2021 earnings at $0.77 EPS.

Several other research analysts have also issued reports on the company. Eight Capital reiterated a buy rating on shares of Detour Gold in a research note on Thursday, November 16th. National Bank Financial lowered their target price on Detour Gold from C$22.50 to C$21.50 and set an outperform rating for the company in a research note on Friday, October 27th. Scotiabank lowered their target price on Detour Gold from C$21.00 to C$18.00 and set an outperform rating for the company in a research note on Thursday, October 26th. CSFB upgraded Detour Gold from a neutral rating to an outperform rating and set a C$16.00 target price for the company in a research note on Thursday, October 26th. Finally, Canaccord Genuity raised their target price on Detour Gold from C$21.00 to C$22.50 in a research note on Friday, September 29th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Detour Gold presently has a consensus rating of Buy and an average target price of C$20.45.

Detour Gold (TSE:DGC) opened at C$12.99 on Monday. Detour Gold has a 12 month low of C$12.50 and a 12 month high of C$21.48.

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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.

Analyst Recommendations for Detour Gold (TSE:DGC)

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