Analyst Actions: Detour Gold Maintained with Outperform, $29 Target Price at BMO Capital

Global measured and indicated mineral resources of 20.5 million ounces (inclusive of mineral reserves)

Advancing North America's 4th Largest Gold Reserves Towards Development

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Analyst Actions: Detour Gold Maintained with Outperform, $29 Target Price at BMO Capital

posted on Jul 11, 2017 02:02PM

2017-07-11 11:48:46 AM ET (MT Newswires)

11:48 AM EDT, 07/11/2017 (MT Newswires) -- Detour Gold (DGC.TO) rose 1% in recent trade after BMO Capital said it continues to rate the stock with outperform with a target price of $29.

BMO said Detour Lake is beginning to enjoy the benefits of economies of scale and optimization efforts continue to improve operations. Exploration results at Lower Detour have been encouraging, the broker added.

BMO reduced its EPS forecast to $0.19 for 2017 while increasing its 2018 estimate to $0.51.

Price: 14.39 , Change: +0.15 , Percent Change: +1.1

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