Detour Gold (DGC) Earns Buy Rating from Desjardins

Desjardins restated their buy rating on shares of Detour Gold (TSE:DGC) in a report published 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, FY2019 earnings at $0.54 EPS, FY2020 earnings at $0.40 EPS and FY2021 earnings at $0.77 EPS.

Several other research firms also recently issued reports on DGC. Canaccord Genuity lifted their price target on shares of Detour Gold from C$21.00 to C$22.50 in a research note on Friday, September 29th. Scotiabank dropped their price target on shares of 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. CSFB raised shares of 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. National Bank Financial dropped their price target on shares of 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. Finally, Eight Capital reissued a buy rating on shares of Detour Gold in a research report on Thursday, November 16th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Detour Gold presently has an average rating of Buy and an average price target of C$20.45.

Shares of Detour Gold (DGC) opened at C$13.13 on Monday. Detour Gold has a one year low of C$12.50 and a one year high of C$21.48.

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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.

Analyst Recommendations for Detour Gold (TSE:DGC)

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