Research Analysts Issue Forecasts for Detour Gold Co.’s Q3 2018 Earnings (DGC)

Detour Gold Co. (TSE:DGC) – Research analysts at Cormark dropped their Q3 2018 earnings estimates for shares of Detour Gold in a research report issued on Tuesday, October 16th. Cormark analyst R. Gray now anticipates that the mining company will earn $0.13 per share for the quarter, down from their previous estimate of $0.17.

Detour Gold (TSE:DGC) last released its quarterly earnings data on Wednesday, July 25th. The mining company reported C$0.15 EPS for the quarter, beating analysts’ consensus estimates of C$0.12 by C$0.03. Detour Gold had a return on equity of 8.60% and a net margin of 25.07%. The business had revenue of C$247.54 million for the quarter.

DGC has been the topic of a number of other research reports. Eight Capital upgraded Detour Gold from a “neutral” rating to a “buy” rating and dropped their price objective for the company from C$15.20 to C$14.80 in a report on Thursday, June 28th. National Bank Financial increased their price objective on Detour Gold from C$14.50 to C$15.00 and gave the company an “outperform” rating in a report on Friday, June 29th. CSFB dropped their price objective on Detour Gold from C$16.00 to C$15.50 in a report on Thursday, July 26th. TD Securities dropped their price objective on Detour Gold from C$20.00 to C$18.50 and set a “buy” rating on the stock in a report on Friday, June 29th. Finally, Royal Bank of Canada increased their price objective on Detour Gold from C$14.00 to C$16.00 and gave the company an “outperform” rating in a report on Monday, July 9th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Detour Gold has a consensus rating of “Buy” and a consensus target price of C$16.30.

DGC opened at C$11.08 on Wednesday. Detour Gold has a one year low of C$9.11 and a one year high of C$15.40.

In related news, insider James Whyte Mavor sold 6,400 shares of the firm’s stock in a transaction that occurred on Monday, August 13th. The stock was sold at an average price of C$11.33, for a total transaction of C$72,512.00. Also, Director John Michael Kenyon purchased 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 4th. The shares were purchased at an average price of C$10.49 per share, for a total transaction of C$52,450.00. Insiders have sold a total of 112,327 shares of company stock worth $1,416,743 in the last 90 days.

Detour Gold Company Profile

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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