Detour Gold Co. (TSE:DGC) – Stock analysts at National Bank Financial decreased their Q3 2016 earnings per share (EPS) estimates for shares of Detour Gold in a note issued to investors on Wednesday. National Bank Financial analyst S. Parsons now forecasts that the firm will post earnings per share of ($0.11) for the quarter, down from their prior forecast of ($0.08). National Bank Financial has a “Outperform” rating on the stock. National Bank Financial also issued estimates for Detour Gold’s FY2017 earnings at $0.73 EPS.
A number of other analysts also recently commented on the company. Canaccord Genuity downgraded Detour Gold from a “buy” rating to a “hold” rating in a research note on Tuesday, July 12th. TD Securities decreased their target price on Detour Gold to C$40.00 and set a “buy” rating on the stock in a report on Thursday, September 8th. Royal Bank Of Canada restated an “outperform” rating and issued a C$4.50 target price on shares of Detour Gold in a report on Thursday, September 8th. Desjardins restated a “buy” rating and issued a C$36.50 target price on shares of Detour Gold in a report on Friday, July 29th. Finally, Scotiabank decreased their target price on Detour Gold to C$39.00 and set an “outperform” rating on the stock in a report on Thursday, September 8th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of C$25.56.
Detour Gold (TSE:DGC) opened at 23.67 on Monday. The stock’s market capitalization is $4.13 billion. Detour Gold has a 12-month low of $12.45 and a 12-month high of $35.93. The stock has a 50 day moving average price of $20.63 and a 200-day moving average price of $16.55.
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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