Detour Gold Co. (TSE:DGC) – Equities research analysts at Cormark cut their FY2016 earnings per share (EPS) estimates for Detour Gold in a research report issued to clients and investors on Wednesday. Cormark analyst R. Gray now forecasts that the brokerage will post earnings per share of $0.24 for the year, down from their previous estimate of $0.31. Cormark also issued estimates for Detour Gold’s Q4 2016 earnings at $0.12 EPS.

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Earnings History and Estimates for Detour Gold (TSE:DGC)

Several other analysts have also weighed in on the company. Royal Bank Of Canada reissued an “outperform” rating on shares of Detour Gold in a report on Wednesday, November 2nd. CSFB lowered Detour Gold from an “outperform” rating to a “negative” rating and set a C$35.00 price objective for the company. in a report on Wednesday, November 2nd. Canaccord Genuity lowered their price objective on Detour Gold to C$32.00 and set a “buy” rating for the company in a report on Monday, October 24th. Desjardins lowered their price objective on Detour Gold to C$31.50 in a report on Thursday, October 20th. Finally, Scotiabank lowered their price objective on Detour Gold to C$32.00 and set an “outperform” rating for the company in a report on Thursday, November 3rd. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the stock. Detour Gold has a consensus rating of “Buy” and a consensus price target of C$27.50.

Detour Gold (TSE:DGC) traded up 0.23% during mid-day trading on Friday, hitting $17.29. The stock had a trading volume of 886,633 shares. The company’s market cap is $3.02 billion. Detour Gold has a one year low of $14.36 and a one year high of $35.93. The firm’s 50-day moving average price is $20.63 and its 200 day moving average price is $16.55.

COPYRIGHT VIOLATION NOTICE: “Detour Gold Co. (DGC) Forecasted to Earn FY2016 Earnings of $0.24 Per Share” was first published by Daily Political and is owned by of Daily Political. If you are accessing this news story on another publication, it was copied illegally and republished in violation of US & international copyright legislation. The original version of this news story can be read at http://www.dailypolitical.com/2017/01/13/detour-gold-co-dgc-forecasted-to-earn-fy2016-earnings-of-0-24-per-share.html.

Detour Gold Company Profile

Detour Gold Corporation is a Canada-based intermediate gold producing company. The Company is engaged in the acquisition, exploration, development and operation of mineral property interests. Its primary asset is its Detour Lake mine, which is an open pit operation located in northeastern Ontario, approximately 300 kilometers northeast of Timmins and over 180 kilometers by road northeast of Cochrane.

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