Detour Gold to Post FY2018 Earnings of $0.76 Per Share, National Bank Financial Forecasts (DGC)

Detour Gold (TSE:DGC) – Research analysts at National Bank Financial upped their FY2018 earnings estimates for shares of Detour Gold in a research report issued on Monday, April 9th. National Bank Financial analyst M. Parkin now anticipates that the mining company will post earnings of $0.76 per share for the year, up from their prior estimate of $0.68. National Bank Financial currently has a “Sector Perform” rating and a $14.00 target price on the stock. National Bank Financial also issued estimates for Detour Gold’s FY2019 earnings at $0.46 EPS.

Other equities analysts have also recently issued reports about the stock. Eight Capital boosted their target price on shares of Detour Gold from C$16.65 to C$18.00 in a research report on Tuesday, February 6th. Canaccord Genuity lifted their price target on shares of Detour Gold from C$22.50 to C$23.50 in a report on Friday, January 19th. Beacon Securities reaffirmed a “hold” rating on shares of Detour Gold in a report on Monday, March 12th. 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 on the stock in a report on Tuesday, March 27th. Finally, Raymond James Financial decreased their price target on shares of 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. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Detour Gold presently has an average rating of “Buy” and an average target price of C$19.72.



Shares of TSE:DGC opened at C$14.59 on Thursday. Detour Gold has a 12 month low of C$11.48 and a 12 month high of C$18.88.

Detour Gold (TSE:DGC) last issued its earnings results on Thursday, March 8th. The mining company reported C$0.29 EPS for the quarter, beating the consensus estimate of C$0.18 by C$0.11. The company had revenue of C$254.02 million during the quarter. Detour Gold had a net margin of 25.07% and a return on equity of 8.60%. COPYRIGHT VIOLATION WARNING: This article was first published by Dakota Financial News and is the sole property of of Dakota Financial News. If you are reading this article on another site, it was stolen and reposted in violation of U.S. and international trademark and copyright legislation. The legal version of this article can be viewed at https://dakotafinancialnews.com/2018/04/14/detour-gold-to-post-fy2018-earnings-of-0-76-per-share-national-bank-financial-forecasts-dgc.html.

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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