Research Analysts Issue Forecasts for Detour Gold’s Q2 2018 Earnings (DGC)

Detour Gold (TSE:DGC) – Equities research analysts at Desjardins increased their Q2 2018 earnings per share estimates for Detour Gold in a research note issued to investors on Monday, April 16th. Desjardins analyst J. Wolfson now forecasts that the mining company will earn $0.20 per share for the quarter, up from their prior estimate of $0.15. Desjardins also issued estimates for Detour Gold’s Q3 2018 earnings at $0.23 EPS, Q4 2018 earnings at $0.24 EPS and FY2018 earnings at $0.86 EPS.

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Detour Gold (TSE:DGC) last announced its quarterly earnings data on Thursday, March 8th. The mining company reported C$0.29 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.18 by C$0.11. The business had revenue of C$254.02 million for the quarter. Detour Gold had a return on equity of 8.60% and a net margin of 25.07%.

A number of other brokerages have also weighed in on DGC. National Bank Financial lowered Detour Gold from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from C$21.50 to C$14.00 in a report on Monday, March 12th. Raymond James cut their price objective on Detour Gold from C$21.00 to C$20.00 and set an “outperform” rating on the stock in a report on Monday, March 12th. Canaccord Genuity increased their price objective on Detour Gold from C$22.50 to C$23.50 in a report on Friday, January 19th. Eight Capital increased their price objective on Detour Gold from C$16.65 to C$18.00 in a report 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 on the stock in a report on Tuesday, March 27th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of C$19.72.

Shares of DGC stock opened at C$15.22 on Wednesday. Detour Gold has a fifty-two week low of C$11.48 and a fifty-two week 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.

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

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