Detour Gold Co. (TSE:DGC) – Desjardins boosted their Q1 2019 earnings per share (EPS) estimates for Detour Gold in a report released on Monday, January 7th. Desjardins analyst J. Wolfson now forecasts that the mining company will earn $0.09 per share for the quarter, up from their previous forecast of $0.07. Desjardins also issued estimates for Detour Gold’s Q2 2019 earnings at $0.11 EPS, Q3 2019 earnings at $0.11 EPS and FY2019 earnings at $0.41 EPS.
A number of other analysts have also recently commented on DGC. Canaccord Genuity lowered their target price on shares of Detour Gold from C$19.00 to C$18.00 in a research note on Thursday, October 18th. Raymond James lowered their target price on shares of Detour Gold from C$16.00 to C$15.00 in a research note on Friday, October 19th. Finally, CIBC lowered their target price on shares of Detour Gold from C$20.00 to C$17.00 in a research note on Friday, October 26th. Five equities research analysts have rated the stock with a hold rating and five 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$15.53.
Detour Gold (TSE:DGC) last released its earnings results on Wednesday, October 24th. The mining company reported C($0.01) EPS for the quarter, missing analysts’ consensus estimates of C$0.10 by C($0.11). The company had revenue of C$222.18 million for the quarter.
In other Detour Gold news, insider Edward William Drew Anwyll sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 11th. The shares were sold at an average price of C$10.70, for a total transaction of C$160,500.00. Also, insider Alberto Francis Heredia sold 9,600 shares of the firm’s stock in a transaction that occurred on Tuesday, November 27th. The stock was sold at an average price of C$10.00, for a total transaction of C$96,000.00. Insiders have sold a total of 42,000 shares of company stock valued at $440,070 over the last three months.
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.
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