Detour Gold Co. (DGC) to Release Earnings on Wednesday

Detour Gold Co. (TSE:DGC) is scheduled to post its quarterly earnings results after the market closes on Wednesday, March 22nd. Analysts expect Detour Gold to post earnings of $0.04 per share for the quarter.

Detour Gold Co. (TSE:DGC) opened at 15.38 on Tuesday. The company’s market cap is $2.68 billion. The firm’s 50-day moving average price is $17.14 and its 200-day moving average price is $20.42. Detour Gold Co. has a 12-month low of $14.58 and a 12-month high of $35.93.

A number of analysts have weighed in on the company. CIBC reduced their price target on Detour Gold from C$23.00 to C$21.00 and set a “neutral” rating for the company in a research report on Tuesday, January 31st. Royal Bank of Canada reduced their price target on Detour Gold from C$25.00 to C$23.00 and set a “sector perform” rating for the company in a research report on Thursday, February 2nd. Goldman Sachs Group Inc boosted their price target on Detour Gold from C$22.00 to C$24.00 and gave the stock a “buy” rating in a research report on Thursday, February 9th. Scotiabank reduced their price target on Detour Gold from C$25.00 to C$24.00 and set an “outperform” rating for the company in a research report on Tuesday, January 31st. Finally, Desjardins reduced their price target on Detour Gold from C$26.50 to C$24.50 in a research report on Wednesday, December 21st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. Detour Gold presently has a consensus rating of “Buy” and a consensus target price of C$26.63.

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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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