Q2 2018 EPS Estimates for Detour Gold Co. (DGC) Lowered by Analyst

Detour Gold Co. (TSE:DGC) – Stock analysts at Desjardins reduced their Q2 2018 earnings estimates for shares of Detour Gold in a research note issued on Tuesday, July 10th. Desjardins analyst J. Wolfson now expects that the mining company will earn $0.16 per share for the quarter, down from their prior estimate of $0.17. Desjardins also issued estimates for Detour Gold’s Q3 2018 earnings at $0.16 EPS, Q4 2018 earnings at $0.17 EPS, FY2018 earnings at $0.69 EPS, Q1 2019 earnings at $0.09 EPS and Q2 2019 earnings at $0.09 EPS.

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Detour Gold (TSE:DGC) last announced its quarterly earnings results on Thursday, April 26th. The mining company reported C$0.20 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of C$0.20. The company had revenue of C$254.60 million during the quarter. Detour Gold had a net margin of 25.07% and a return on equity of 8.60%.

Several other equities research analysts also recently weighed in on DGC. Royal Bank of Canada raised shares of Detour Gold from a “sector perform” rating to an “outperform” rating and set a C$20.00 price target for the company in a research report on Tuesday, March 27th. Canaccord Genuity raised their price target on shares of Detour Gold from C$23.50 to C$24.00 in a research report on Monday, April 23rd. CSFB downgraded shares of Detour Gold from an “outperform” rating to a “neutral” rating and reduced their price target for the company from C$16.00 to C$15.50 in a research report on Friday, April 27th. TD Securities reduced their price target on shares of Detour Gold from C$23.00 to C$20.00 and set a “buy” rating for the company in a research report on Friday, April 27th. Finally, BMO Capital Markets reduced their price target on shares of Detour Gold from C$26.00 to C$15.00 in a research report on Monday, April 30th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of C$16.57.

Shares of DGC opened at C$12.45 on Thursday. Detour Gold has a twelve month low of C$9.11 and a twelve month high of C$17.86.

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.