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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (32306)	8/3/2017 7:48:43 AM
From: Goose94	Read Replies (1) of 203577

Detour Gold (DGC-T) Credit Suisse analyst Anita Soni, citing "diminished" operational volatility and valuation, upgraded Detour Gold to "outperform" from "neutral." Ms. Soni says in note: "DGC has runway to deliver improving performance over the next year. This should support a rerating of the shares which we estimate are trading at 0.94 times price/net asset value at spot ($1,270 per ounce and 0.80 CAD/USD), versus peers at 1.09 times. Additionally, year-to-date strength in the CAD has been a headwind for DGC (at 0.80 CAD, targeting upper half of AISC guidance), and we estimate a move back to 0.75 (our FX strategists forecast 0.76 in 12 months) would add 18 per cent to NAV." Though she says she has taking a wait-and-see approach to its cost improvement efforts, Ms. Soni expresses confidence in Detour's ability to deliver expected mining rates. Following on the heels of the company's quarterly earnings and a recent mine tour, she raised her 2017 earnings per share projection to 45 cents from 41 cents. Her target for the stock jumped to $20 from $17.50. Analysts on average target the shares at $22.43.

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