Detour Gold Co. (DGC) to Post FY2018 Earnings of $0.45 Per Share, Desjardins Forecasts

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Detour Gold Co. (TSE:DGC) – Equities research analysts at Desjardins decreased their FY2018 earnings per share (EPS) estimates for shares of Detour Gold in a note issued to investors on Monday, January 7th. Desjardins analyst J. Wolfson now expects that the mining company will earn $0.45 per share for the year, down from their previous forecast of $0.46. Desjardins also issued estimates for Detour Gold’s Q4 2019 earnings at $0.11 EPS.

DGC has been the topic of a number of other reports. Canaccord Genuity lowered Detour Gold from a “buy” rating to a “hold” rating and decreased their price objective for the company from C$18.00 to C$12.50 in a research report on Friday, December 14th. Raymond James reiterated a “market perform” rating and issued a C$15.00 price objective on shares of Detour Gold in a research report on Friday, October 26th. Finally, CIBC decreased their price objective on Detour Gold from C$20.00 to C$17.00 in a research report on Friday, October 26th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of C$15.53.

Shares of DGC opened at C$11.89 on Thursday. The company has a quick ratio of 1.73, a current ratio of 3.12 and a debt-to-equity ratio of 12.48. Detour Gold has a 52 week low of C$9.11 and a 52 week high of C$15.40.

Detour Gold (TSE:DGC) last announced its quarterly earnings data on Wednesday, October 24th. The mining company reported C($0.01) EPS for the quarter, missing the Zacks’ consensus estimate of C$0.10 by C($0.11). The business had revenue of C$222.18 million during the quarter.

In other Detour Gold news, insider Alberto Francis Heredia sold 9,600 shares of Detour Gold stock in a transaction dated Tuesday, November 27th. The stock was sold at an average price of C$10.00, for a total transaction of C$96,000.00. Also, insider Edward William Drew Anwyll sold 15,000 shares of Detour Gold stock in a transaction dated Tuesday, December 11th. The stock was sold at an average price of C$10.70, for a total value of C$160,500.00. Insiders sold a total of 42,000 shares of company stock worth $440,070 over 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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