Detour Gold Co. (TSE:DGC) – Equities research analysts at Cormark lifted their Q4 2019 earnings per share (EPS) estimates for shares of Detour Gold in a research report issued on Tuesday, November 19th. Cormark analyst R. Gray now expects that the mining company will earn $0.40 per share for the quarter, up from their prior estimate of $0.17. Cormark also issued estimates for Detour Gold’s Q1 2020 earnings at $0.41 EPS, Q2 2020 earnings at $0.41 EPS, Q3 2020 earnings at $0.40 EPS, Q4 2020 earnings at $0.40 EPS, FY2020 earnings at $1.62 EPS and FY2021 earnings at $2.40 EPS.
Several other analysts also recently commented on DGC. TD Securities upped their price objective on Detour Gold from C$28.00 to C$29.00 and gave the company a “buy” rating in a research note on Monday. Raymond James reissued a “market perform” rating and set a C$26.00 target price on shares of Detour Gold in a research note on Monday. Barclays increased their target price on Detour Gold from C$26.00 to C$29.00 in a research note on Friday, August 16th. CIBC increased their target price on Detour Gold from C$23.00 to C$27.00 in a research note on Tuesday, September 3rd. Finally, Eight Capital downgraded Detour Gold from a “buy” rating to a “neutral” rating and increased their target price for the stock from C$16.00 to C$21.00 in a research note on Thursday, August 8th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Detour Gold currently has an average rating of “Buy” and an average price target of C$26.45.
Detour Gold Company Profile
Detour Gold Corporation, a gold mining company, engages in the acquisition, exploration, development, and operation of mineral properties in Canada. It primarily explores for gold. The company's primary asset is the Detour Lake property consisting of a contiguous block of mining claims and leases totaling 646 square kilometers located in the District of Cochrane.
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