Beacon Securities Comments on Detour Gold’s FY2018 Earnings (TSE:DGC)

Detour Gold (TSE:DGC) – Equities research analysts at Beacon Securities issued their FY2018 earnings estimates for Detour Gold in a report issued on Monday, March 12th, Zacks Investment Research reports. Beacon Securities analyst M. Curran anticipates that the mining company will earn $0.68 per share for the year. Beacon Securities has a “Hold” rating on the stock. Beacon Securities also issued estimates for Detour Gold’s FY2019 earnings at ($0.31) EPS and FY2020 earnings at ($0.30) EPS.

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Detour Gold (TSE:DGC) last issued its quarterly earnings results on Thursday, March 8th. The mining company reported C$0.29 EPS for the quarter, topping the consensus estimate of C$0.18 by C$0.11. The company had revenue of C$254.02 million during the quarter. Detour Gold had a net margin of 25.07% and a return on equity of 8.60%.

A number of other research firms have also issued reports on DGC. National Bank Financial lowered shares of Detour Gold from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from C$21.50 to C$14.00 in a report on Monday, March 12th. Raymond James Financial decreased their target price on shares of Detour Gold from C$21.00 to C$20.00 and set an “outperform” rating on the stock in a research report on Monday, March 12th. Canaccord Genuity boosted their price target on shares of Detour Gold from C$22.50 to C$23.50 in a research note on Friday, January 19th. Eight Capital increased their price target on shares of Detour Gold from C$16.65 to C$18.00 in a research note on Tuesday, February 6th. Finally, Royal Bank of Canada raised Detour Gold from a “sector perform” rating to an “outperform” rating and set a C$20.00 price objective for the company in a report on Tuesday, March 27th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Detour Gold currently has a consensus rating of “Buy” and an average target price of C$19.72.

TSE DGC traded up C$0.30 on Wednesday, hitting C$13.75. The company had a trading volume of 528,279 shares, compared to its average volume of 865,890. Detour Gold has a 12-month low of C$11.48 and a 12-month high of C$18.88.

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About Detour Gold

Detour Gold Corporation, an intermediate gold mining company, engages in the acquisition, exploration, development, and operation of metal mineral properties in Canada. The company's primary asset is the Detour Lake property consisting of a contiguous group of mining leases and claims totaling 625 square kilometers located in the District of Cochrane.

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

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