Detour Gold Co. (TSE:DGC) – Analysts at National Bank Financial cut their FY2016 earnings per share (EPS) estimates for Detour Gold in a note issued to investors on Wednesday. National Bank Financial analyst S. Parsons now expects that the brokerage will earn $0.04 per share for the year, down from their prior forecast of $0.09. National Bank Financial has a “Outperform” rating on the stock.
DGC has been the subject of a number of other reports. Desjardins reissued a “buy” rating and issued a C$36.50 price target on shares of Detour Gold in a report on Friday, July 29th. Royal Bank Of Canada reissued an “outperform” rating and issued a C$4.50 price target on shares of Detour Gold in a report on Thursday, September 8th. Scotiabank cut their price target on Detour Gold to C$39.00 and set an “outperform” rating for the company in a report on Thursday, September 8th. TD Securities cut their price target on Detour Gold to C$40.00 and set a “buy” rating for the company in a report on Thursday, September 8th. Finally, Canaccord Genuity cut Detour Gold from a “buy” rating to a “hold” rating in a report on Tuesday, July 12th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of C$25.56.
Shares of Detour Gold (TSE:DGC) opened at 23.69 on Friday. The firm has a 50-day moving average price of $20.63 and a 200-day moving average price of $16.55. Detour Gold has a 52-week low of $12.45 and a 52-week high of $35.93. The firm’s market cap is $4.13 billion.
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.
Receive News & Ratings for Detour Gold Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Detour Gold Co. and related companies with MarketBeat.com's FREE daily email newsletter.