Cormark Equities Analysts Lower Earnings Estimates for Detour Gold Co. (DGC)

Detour Gold Co. (TSE:DGC) – Cormark dropped their Q3 2018 earnings per share (EPS) estimates for Detour Gold in a note issued to investors on Tuesday, October 16th, according to Zacks Investment Research. Cormark analyst R. Gray now forecasts that the mining company will post earnings per share of $0.13 for the quarter, down from their previous forecast of $0.17.

Several other equities research analysts have also commented on DGC. Raymond James reaffirmed a “market perform” rating and issued a C$15.00 price target on shares of Detour Gold in a report on Friday, October 26th. National Bank Financial upped their price objective on shares of Detour Gold from C$15.00 to C$17.00 and gave the stock an “outperform” rating in a research report on Thursday, July 26th. CSFB decreased their price objective on shares of Detour Gold from C$16.00 to C$15.50 in a research report on Thursday, July 26th. CIBC decreased their price objective on shares of Detour Gold from C$20.00 to C$17.00 in a research report on Friday, October 26th. Finally, Canaccord Genuity decreased their price objective on shares of Detour Gold from C$19.00 to C$18.00 in a research report on Thursday, October 18th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of C$16.03.

TSE:DGC traded down C$0.15 during mid-day trading on Wednesday, hitting C$10.62. The company’s stock had a trading volume of 790,800 shares, compared to its average volume of 926,515. Detour Gold has a 1 year low of C$9.11 and a 1 year high of C$15.40. The company has a quick ratio of 2.23, a current ratio of 4.15 and a debt-to-equity ratio of 12.57.

In other news, Director John Michael Kenyon purchased 5,000 shares of the company’s stock in a transaction dated Tuesday, September 4th. The stock was acquired at an average price of C$10.49 per share, with a total value of C$52,450.00. Also, insider James Whyte Mavor sold 6,400 shares of the stock in a transaction that occurred on Monday, August 13th. The shares were sold at an average price of C$11.33, for a total transaction of C$72,512.00.

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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