Q3 2016 Earnings Forecast for Detour Gold Co. Issued By National Bank Financial (DGC)
Detour Gold Co. (TSE:DGC) – Equities research analysts at National Bank Financial decreased their Q3 2016 EPS estimates for Detour Gold in a research note issued on Wednesday. National Bank Financial analyst S. Parsons now anticipates that the firm will post earnings of ($0.11) per share for the quarter, down from their previous forecast of ($0.08). National Bank Financial has a “Outperform” rating on the stock. National Bank Financial also issued estimates for Detour Gold’s FY2017 earnings at $0.73 EPS.
Several other equities analysts also recently weighed in on DGC. Scotiabank reduced their target price on Detour Gold to C$39.00 and set an “outperform” rating on the stock in a research report on Thursday, September 8th. Desjardins reiterated a “buy” rating and set a C$36.50 target price on shares of Detour Gold in a research report on Friday, July 29th. Royal Bank Of Canada reiterated an “outperform” rating and set a C$4.50 target price on shares of Detour Gold in a research report on Thursday, September 8th. TD Securities cut their price objective on Detour Gold to C$40.00 and set a “buy” rating on the stock in a report on Thursday, September 8th. Finally, Canaccord Genuity downgraded Detour Gold from a “buy” rating to a “hold” rating in a report on Tuesday, July 12th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of C$25.56.
Shares of Detour Gold (TSE:DGC) opened at 23.67 on Monday. The company’s 50-day moving average price is $20.63 and its 200 day moving average price is $16.55. The stock’s market cap is $4.13 billion. Detour Gold has a 1-year low of $12.45 and a 1-year 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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