Detour Gold (TSE:DGC) – Research analysts at Desjardins boosted their Q1 2018 earnings per share estimates for shares of Detour Gold in a research note issued on Monday, April 16th. Desjardins analyst J. Wolfson now forecasts that the mining company will post earnings of $0.19 per share for the quarter, up from their previous estimate of $0.15.
Detour Gold (TSE:DGC) last issued its quarterly earnings results on Thursday, March 8th. The mining company reported C$0.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.18 by C$0.11. Detour Gold had a return on equity of 8.60% and a net margin of 25.07%. The firm had revenue of C$254.02 million during the quarter.
Several other brokerages also recently weighed in on DGC. BMO Capital Markets set a C$26.00 price target on Detour Gold and gave the stock an “outperform” rating in a report on Thursday, January 18th. Canaccord Genuity increased their price target on Detour Gold from C$22.50 to C$23.50 in a report on Friday, January 19th. Royal Bank of Canada raised Detour Gold from a “sector perform” rating to an “outperform” rating and set a C$20.00 price target for the company in a report on Tuesday, March 27th. Eight Capital raised their target price on Detour Gold from C$16.65 to C$18.00 in a report on Tuesday, February 6th. Finally, Beacon Securities reissued a “hold” rating on shares of Detour Gold in a report on Monday, March 12th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of C$19.72.
Shares of TSE DGC opened at C$14.85 on Tuesday. Detour Gold has a 1-year low of C$11.48 and a 1-year 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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