Desjardins Comments on Detour Gold Co.’s FY2017 Earnings (DGC)

Detour Gold Co. (TSE:DGC) – Equities research analysts at Desjardins issued their FY2017 earnings per share (EPS) estimates for Detour Gold in a research report issued to clients and investors on Monday. Desjardins analyst J. Wolfson forecasts that the mining company will post earnings per share of $0.72 for the year. Desjardins has a “Buy” rating on the stock. Desjardins also issued estimates for Detour Gold’s FY2018 earnings at $0.69 EPS, FY2019 earnings at $0.54 EPS, FY2020 earnings at $0.40 EPS and FY2021 earnings at $0.77 EPS.

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

Detour Gold (TSE DGC) opened at C$12.90 on Tuesday. Detour Gold has a 52 week low of C$12.50 and a 52 week 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.

Earnings History and Estimates for Detour Gold (TSE:DGC)

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