Detour Gold Corp DRGDF

RE:3 Analyst cut ratings but targets remain high $15 and $18

[Asterix99]

I don't think the problem was in Q1 financials, which were not so bad. Goldcorp had a very bad quarter and went down 5%. THe problem is future quarters due to revision. Cost per ounce went up $150 and free cashflow down $100M. That is the problem. 30% share drop is not because of a bad quarter. 

challenger426 wrote: Bad news, good news.  I just heard that 3 Analysts cut their ratings slightly, and none were cut to a sell.  Ratings all remain at neutral or higher.  The price targets were cut slightly but all remain 50% - 90% higher ($15 - $19) than the current share price.  This was definitely not a great quarter and you can bet that management is looking for ways to cut costs.  You do not want to be in the penalty box for very long.