Cormark Weighs in on Detour Gold Co.’s Q1 2018 Earnings (DGC)

Detour Gold Co. (TSE:DGC) – Equities researchers at Cormark cut their Q1 2018 EPS estimates for Detour Gold in a research report issued on Thursday. Cormark analyst R. Gray now anticipates that the mining company will post earnings per share of $0.17 for the quarter, down from their previous forecast of $0.20. Cormark also issued estimates for Detour Gold’s Q2 2018 earnings at $0.17 EPS, Q3 2018 earnings at $0.19 EPS, Q4 2018 earnings at $0.19 EPS, Q1 2019 earnings at $0.10 EPS, Q2 2019 earnings at $0.10 EPS, Q3 2019 earnings at $0.10 EPS, Q4 2019 earnings at $0.10 EPS and FY2019 earnings at $0.40 EPS.

Other equities research analysts also recently issued reports about the stock. Canaccord Genuity lifted their price objective on shares of Detour Gold from C$21.00 to C$22.50 in a research note on Friday, September 29th. National Bank Financial lowered their price objective on shares of 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. Desjardins reiterated a “buy” rating on shares of Detour Gold in a research note on Monday, December 11th. Eight Capital reiterated a “buy” rating on shares of Detour Gold in a research note on Thursday, November 16th. Finally, CSFB upgraded shares of Detour Gold from a “neutral” rating to an “outperform” rating and set a C$16.00 price objective for the company in a research note on Thursday, October 26th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of C$20.70.

Detour Gold (TSE DGC) opened at C$13.99 on Friday. Detour Gold has a 1-year low of C$12.50 and a 1-year high of C$20.42. The stock has a market cap of $2,450.00, a price-to-earnings ratio of 34.12 and a beta of -1.65.

Detour Gold (TSE:DGC) last released its quarterly earnings results on Wednesday, October 25th. The mining company reported C$0.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.15 by C$0.11. Detour Gold had a net margin of 25.07% and a return on equity of 8.60%.

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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.

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

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