Trade Report: Today: Q3 2016 EPS Estimates for Detour Gold Co. Decreased by National Bank Financial (DGC)

Today: Q3 2016 EPS Estimates for Detour Gold Co. Decreased by National Bank Financial (DGC)

Detour Gold Co. (TSE:DGC) – Investment analysts at National Bank Financial cut their Q3 2016 earnings per share estimates for shares of Detour Gold in a research note issued on Wednesday. National Bank Financial analyst S. Parsons now expects that the firm will post earnings of ($0.11) per share for the quarter, down from their previous forecast of ($0.08). National Bank Financial currently has a “Outperform” rating on the stock. National Bank Financial also issued estimates for Detour Gold’s FY2017 earnings at $0.73 EPS.

Other research analysts also recently issued research reports about the stock. TD Securities cut their price target on shares of Detour Gold to C$40.00 and set a “buy” rating on the stock in a report on Thursday, September 8th. Desjardins restated a “buy” rating and set a C$36.50 price target on shares of Detour Gold in a report on Friday, July 29th. Canaccord Genuity downgraded shares of Detour Gold from a “buy” rating to a “hold” rating in a report on Tuesday, July 12th. Scotiabank cut their price target on shares of Detour Gold to C$39.00 and set an “outperform” rating on the stock in a report on Thursday, September 8th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a C$4.50 price target on shares of Detour Gold in a report on Thursday, September 8th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Detour Gold presently has an average rating of “Buy” and an average price target of C$25.56.

Detour Gold (TSE:DGC) opened at 23.69 on Monday. The company’s market cap is $4.13 billion. Detour Gold has a 12 month low of $12.45 and a 12 month high of $35.93. The stock’s 50 day moving average is $20.63 and its 200 day moving average is $16.55.

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