FY2016 EPS Estimates for Detour Gold Co. Lowered by National Bank Financial (DGC)
Detour Gold Co. (TSE:DGC) – National Bank Financial dropped their FY2016 earnings per share estimates for Detour Gold in a research report issued to clients and investors on Wednesday. National Bank Financial analyst S. Parsons now anticipates that the brokerage will post earnings of $0.04 per share for the year, down from their previous estimate of $0.09. National Bank Financial has a “Outperform” rating on the stock.
A number of other equities research analysts also recently weighed in on the stock. Canaccord Genuity downgraded shares of Detour Gold from a “buy” rating to a “hold” rating in a research note on Tuesday, July 12th. TD Securities reduced their price target on shares of Detour Gold to C$40.00 and set a “buy” rating on the stock in a research note on Thursday, September 8th. Scotiabank reduced their price target on shares of Detour Gold to C$39.00 and set an “outperform” rating on the stock in a research note on Thursday, September 8th. Royal Bank Of Canada restated an “outperform” rating and issued a C$4.50 price target on shares of Detour Gold in a research note on Thursday, September 8th. Finally, Desjardins restated a “buy” rating and issued a C$36.50 price target on shares of Detour Gold in a research note on Friday, July 29th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of C$25.56.
Shares of Detour Gold (TSE:DGC) traded down 2.03% during midday trading on Friday, reaching $23.66. 441,606 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $20.63 and a 200-day moving average price of $16.55. The stock’s market cap is $4.13 billion. Detour Gold has a 52-week low of $12.45 and a 52-week high of $35.93.
About Detour Gold
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.
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