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Detour Gold

TSX:DGC
Snowflake Description

Excellent balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DGC
TSX
CA$2B
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

Detour Gold Corporation, a gold mining company, engages in the acquisition, exploration, development, and operation of mineral properties in Canada. The last earnings update was 45 days ago. More info.


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DGC Share Price and Events
7 Day Returns
6.4%
TSX:DGC
1.8%
CA Metals and Mining
0.1%
CA Market
1 Year Returns
33.2%
TSX:DGC
-9.2%
CA Metals and Mining
-2.8%
CA Market
DGC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Detour Gold (DGC) 6.4% 14.7% 9.1% 33.2% -53% -5.9%
CA Metals and Mining 1.8% 5.7% -1.5% -9.2% -16.7% -21.7%
CA Market 0.1% -1.1% -0.4% -2.8% 11.5% 0.9%
1 Year Return vs Industry and Market
  • DGC outperformed the Metals and Mining industry which returned -9.2% over the past year.
  • DGC outperformed the Market in Canada which returned -2.8% over the past year.
Price Volatility
DGC
Industry
5yr Volatility vs Market

Value

 Is Detour Gold undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Detour Gold to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Detour Gold.

TSX:DGC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 11 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.4%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSX:DGC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.9%
Equity Risk Premium S&P Global 6%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 1.03
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.026 (1 + (1- 26.5%) (14.04%))
1.088
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.09
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (1.088 * 5.96%)
8.43%

Discounted Cash Flow Calculation for TSX:DGC using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Detour Gold is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

TSX:DGC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.43%)
2019 63.05 Analyst x12 58.15
2020 91.06 Analyst x8 77.45
2021 147.36 Analyst x7 115.59
2022 135.00 Analyst x1 97.66
2023 141.00 Analyst x1 94.07
2024 146.12 Est @ 3.63% 89.90
2025 150.68 Est @ 3.12% 85.50
2026 154.86 Est @ 2.77% 81.04
2027 158.77 Est @ 2.52% 76.62
2028 162.50 Est @ 2.35% 72.33
Present value of next 10 years cash flows $848.31
TSX:DGC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $162.50 × (1 + 1.95%) ÷ (8.43% – 1.95%)
$2,554.82
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $2,554.82 ÷ (1 + 8.43%)10
$1,137.13
TSX:DGC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $848.31 + $1,137.13
$1,985.44
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,985.44 / 176.14
$11.27
TSX:DGC Discount to Share Price
Calculation Result
Exchange Rate USD/CAD
(Reporting currency to currency of TSX:DGC)
1.338
Value per Share
(CAD)
= Value per Share in USD x Exchange Rate (USD/CAD)
= $11.27 x 1.338
CA$15.09
Value per share (CAD) From above. CA$15.09
Current discount Discount to share price of CA$14.11
= -1 x (CA$14.11 - CA$15.09) / CA$15.09
6.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Detour Gold is available for.
Intrinsic value
6%
Share price is CA$14.11 vs Future cash flow value of CA$15.09
Current Discount Checks
For Detour Gold to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Detour Gold's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Detour Gold's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Detour Gold's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Detour Gold's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:DGC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.16
TSX:DGC Share Price ** TSX (2019-06-14) in CAD CA$14.11
TSX:DGC Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.747 $10.54
Canada Metals and Mining Industry PE Ratio Median Figure of 113 Publicly-Listed Metals and Mining Companies 14.11x
Canada Market PE Ratio Median Figure of 546 Publicly-Listed Companies 15.02x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Detour Gold.

TSX:DGC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:DGC Share Price ÷ EPS (both in USD)

= 10.54 ÷ 0.16

65.99x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Detour Gold is overvalued based on earnings compared to the CA Metals and Mining industry average.
  • Detour Gold is overvalued based on earnings compared to the Canada market.
Price based on expected Growth
Does Detour Gold's expected growth come at a high price?
Raw Data
TSX:DGC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 65.99x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
56.5%per year
Canada Metals and Mining Industry PEG Ratio Median Figure of 36 Publicly-Listed Metals and Mining Companies 0.72x
Canada Market PEG Ratio Median Figure of 247 Publicly-Listed Companies 1.15x

*Line of best fit is calculated by linear regression .

TSX:DGC PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 65.99x ÷ 56.5%

1.17x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Detour Gold is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Detour Gold's assets?
Raw Data
TSX:DGC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $11.40
TSX:DGC Share Price * TSX (2019-06-14) in CAD CA$14.11
TSX:DGC Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.747 $10.54
Canada Metals and Mining Industry PB Ratio Median Figure of 1,088 Publicly-Listed Metals and Mining Companies 1.32x
Canada Market PB Ratio Median Figure of 2,420 Publicly-Listed Companies 1.41x
TSX:DGC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:DGC Share Price ÷ Book Value per Share (both in USD)

= 10.54 ÷ 11.40

0.92x

* Primary Listing of Detour Gold.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Detour Gold is good value based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Detour Gold's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Detour Gold has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Detour Gold expected to perform in the next 1 to 3 years based on estimates from 11 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
56.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Detour Gold expected to grow at an attractive rate?
  • Detour Gold's earnings growth is expected to exceed the low risk savings rate of 1.9%.
Growth vs Market Checks
  • Detour Gold's earnings growth is expected to exceed the Canada market average.
  • Detour Gold's revenue growth is positive but not above the Canada market average.
Annual Growth Rates Comparison
Raw Data
TSX:DGC Future Growth Rates Data Sources
Data Point Source Value (per year)
TSX:DGC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts 56.5%
TSX:DGC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts 1.6%
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 28%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 5.4%
Canada Market Earnings Growth Rate Market Cap Weighted Average 14.6%
Canada Market Revenue Growth Rate Market Cap Weighted Average 5.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSX:DGC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:DGC Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 804 369 1
2022-12-31 823 373 3
2021-12-31 804 333 150 7
2020-12-31 768 264 62 11
2019-12-31 776 276 50 9
TSX:DGC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 781 298 28
2018-12-31 776 258 -1
2018-09-30 763 315 48
2018-06-30 757 294 76
2018-03-31 746 310 92
2017-12-31 708 290 88
2017-09-30 684 253 58
2017-06-30 672 230 27
2017-03-31 659 194 -29
2016-12-31 658 197 -7
2016-09-30 627 193 -34
2016-06-30 618 184 -88

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Detour Gold's earnings are expected to grow significantly at over 20% yearly.
  • Detour Gold's revenue is expected to grow by 1.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:DGC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below

All data from Detour Gold Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:DGC Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.86 1.17 0.54 2.00
2020-12-31 0.50 0.61 0.39 2.00
2019-12-31 0.26 0.28 0.23 2.00
TSX:DGC Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.16
2018-12-31 -0.01
2018-09-30 0.27
2018-06-30 0.44
2018-03-31 0.53
2017-12-31 0.50
2017-09-30 0.33
2017-06-30 0.15
2017-03-31 -0.16
2016-12-31 -0.04
2016-09-30 -0.20
2016-06-30 -0.51

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Detour Gold is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Detour Gold's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Detour Gold has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Detour Gold performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Detour Gold's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Detour Gold has delivered over 20% year on year earnings growth in the past 5 years.
  • Detour Gold's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Detour Gold's 1-year earnings growth is negative, it can't be compared to the CA Metals and Mining industry average.
Earnings and Revenue History
Detour Gold's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Detour Gold Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:DGC Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 780.70 28.00 38.30
2018-12-31 776.00 -1.00 35.90
2018-09-30 763.20 48.00 31.00
2018-06-30 757.20 76.40 29.70
2018-03-31 745.50 92.10 28.10
2017-12-31 707.80 88.20 28.60
2017-09-30 684.38 58.12 28.03
2017-06-30 672.43 26.70 29.08
2017-03-31 658.99 -28.52 35.09
2016-12-31 658.30 -6.90 39.00
2016-09-30 627.41 -34.27 38.62
2016-06-30 617.79 -88.23 40.60
2016-03-31 598.66 -72.92 34.16
2015-12-31 563.02 -163.60 32.16
2015-09-30 567.93 -181.50 34.22
2015-06-30 561.66 -137.98 30.26
2015-03-31 553.15 -157.61 29.89
2014-12-31 535.79 -149.50 30.52
2014-09-30 506.02 -137.71 35.93
2014-06-30 402.95 -148.79 37.66
2014-03-31 263.94 -90.65 40.11
2013-12-31 153.92 -12.30 43.63
2013-09-30 33.09 50.19 46.72
2013-06-30 5.97 52.58
2013-03-31 -5.04 56.59
2012-12-31 -38.51 58.22
2012-09-30 -9.23 57.32
2012-06-30 34.98 56.58

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Detour Gold has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Detour Gold used its assets less efficiently than the CA Metals and Mining industry average last year based on Return on Assets.
  • Detour Gold has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Detour Gold's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Detour Gold has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Detour Gold's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Detour Gold's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Detour Gold is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Detour Gold's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Detour Gold's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Detour Gold Company Filings, last reported 2 months ago.

TSX:DGC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 2,006.00 260.70 201.10
2018-12-31 1,962.30 248.80 131.90
2018-09-30 1,993.10 248.80 156.30
2018-06-30 1,978.40 248.70 150.30
2018-03-31 1,968.10 258.50 152.60
2017-12-31 1,957.10 267.70 134.10
2017-09-30 1,939.25 612.79 113.94
2017-06-30 1,896.35 307.71 128.25
2017-03-31 1,870.22 316.88 132.99
2016-12-31 1,863.30 328.60 129.40
2016-09-30 1,875.65 333.99 115.60
2016-06-30 1,857.25 400.84 153.66
2016-03-31 1,864.37 447.75 213.63
2015-12-31 1,819.25 431.11 160.63
2015-09-30 1,856.30 425.07 133.45
2015-06-30 1,897.57 426.82 133.24
2015-03-31 1,910.12 413.06 118.06
2014-12-31 1,847.64 526.30 135.27
2014-09-30 1,888.70 531.51 138.84
2014-06-30 1,887.31 547.33 138.16
2014-03-31 1,917.03 525.80 145.21
2013-12-31 1,815.74 543.34 89.98
2013-09-30 1,859.49 553.48 155.97
2013-06-30 1,867.23 543.01 196.51
2013-03-31 1,675.62 584.96 166.76
2012-12-31 1,641.17 533.50 236.21
2012-09-30 1,510.03 541.02 353.58
2012-06-30 1,552.30 441.70 565.06
  • Detour Gold's level of debt (12.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (27.4% vs 12.4% today).
  • Debt is well covered by operating cash flow (119.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 8.5x coverage).
X
Financial health checks
We assess Detour Gold's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Detour Gold has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Detour Gold's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Detour Gold dividends. Estimated to be 0% next year.
If you bought CA$2,000 of Detour Gold shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Detour Gold's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Detour Gold's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSX:DGC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
Canada Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 1.3%
Canada Market Average Dividend Yield Market Cap Weighted Average of 335 Stocks 3.6%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.2%
Canada Bottom 25% Dividend Yield 25th Percentile 2.1%
Canada Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSX:DGC Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31 0.00 1.00
2019-12-31 0.00 2.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Detour Gold has not reported any payouts.
  • Unable to verify if Detour Gold's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Detour Gold's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Detour Gold has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Detour Gold's dividends in 3 years as they are not expected to pay a notable one for Canada.
X
Income/ dividend checks
We assess Detour Gold's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Detour Gold afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Detour Gold has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Detour Gold's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Mick McMullen
AGE 48
TENURE AS CEO 0.1 years
CEO Bio

Mr. Michael James W. McMullen, also known as Mick, B.Sc., M.A., has been Chief Executive Officer, President and Director of Detour Gold Corporation since May 1, 2019. He was the Chief Executive Officer and President of Stillwater Mining Company since December 03, 2013. Mr. McMullen has been an Executive Vice President of Northern Canada Retail Division at the North West Company Inc. since 2007. He has been a senior advisor to Black Mountain LLC. Mr. McMullen has more than 20 years experience in exploration, financing, development and operation of mining projects. He has worked for a variety of resource companies in Australia, Zimbabwe, Tanzania, Mozambique and the Philippines. His expertise extends to the exploration and development of projects involving a variety of commodities, including gold, diamonds, coal, copper and zinc. Mr. McMullen served as an Executive Chairman at Nevada Iron Limited since June 27, 2012 until January 23, 2017 and its Managing Director until January 23, 2017. He served as Executive Chairman of Lachlan Star Limited until January 6, 2014 and its Chief Executive Officer. He served as an Executive Vice President of Northern Canada Retail at North West Co. Fund. He served as the Chief Executive Officer of Northern Iron Limited and its Managing Director until February 2010. He was a co-founder of Northern Iron Limited. He founded Tritton Resources Pty Ltd (alternate name Tritton Resources Ltd) and served as its Technical Director. He served as Technical Director of Lafayette Mining Ltd. from 1999 to 2002. He served as a Partner and Manager of Audits at RSG Global Consulting Pty Ltd. He served as Technical Adviser to many of the major resource banks for project financing and mergers & acquisitions and worked on several corporate finance transactions on the ASX, AIM, JSE and TSX markets. He served as Non Executive Chairman of Nevada Iron Ltd. from February 14, 2012 to June 2012. Mr. McMullen served as the Chairman of Luiri Gold Ltd. from September 8, 2009 to November 4, 2010 and SportsHero Limited until January 23, 2017. He served as Non Executive Chairman of West African Resources Limited from July 11, 2007 to November 3, 2009 and served as its Non-Executive Director until November 3, 2009. He is Third Vice Chair at Canadian Chamber Of Commerce. He served as an Executive Director of Stillwater Mining Company from December 03, 2013 to May 4, 2017 and served as its Independent Director from May 07, 2013 to December 02, 2013. He served as a Non Executive Director of Lachlan Star Limited since September 26, 2007 until April 6, 2014. He served as a Director at Luiri Gold Ltd. from September 8, 2009 to November 30, 2010. He served as a Director of Northern Iron Limited from May 22, 2007 to November 2009. He served as an Independent Director of Tritton Resources Pty Ltd from April 3, 2002 to August 2006. He qualified as a Geologist at Newcastle University in 1992. Mr. McMullen has B.Sc in Geology from Newcastle University.

CEO Compensation
  • Insufficient data for Mick to compare compensation growth.
  • Insufficient data for Mick to establish whether their remuneration is reasonable compared to companies of similar size in Canada.
Management Team Tenure

Average tenure of the Detour Gold management team in years:

0.7
Average Tenure
  • The average tenure for the Detour Gold management team is less than 2 years, this suggests a new team.
Management Team

Frazer Bourchier

TITLE
Chief Operating Officer
COMPENSATION
$3M
AGE
52
TENURE
1.4 yrs

Mick McMullen

TITLE
President
AGE
48
TENURE
0.1 yrs

Sheila Magallon

TITLE
Corporate Controller

Laurie Gaborit

TITLE
Vice President of Investor Relations
TENURE
2.4 yrs

Carl DeLuca

TITLE
General Counsel & Corporate Secretary
TENURE
0.3 yrs

Kelly Barrowcliffe

TITLE
Vice President of Human Resources
TENURE
0.7 yrs
Board of Directors Tenure

Average tenure and age of the Detour Gold board of directors in years:

0.5
Average Tenure
60.5
Average Age
  • The average tenure for the Detour Gold board of directors is less than 3 years, this suggests a new board.
Board of Directors

Dawn Whittaker

TITLE
Interim Chairman of the Board
COMPENSATION
$182K
AGE
57
TENURE
0.3 yrs

Mick McMullen

TITLE
President
AGE
48
TENURE
0.1 yrs

André Falzon

TITLE
Independent Director
COMPENSATION
$251K
AGE
63
TENURE
6.2 yrs

Judy Kirk

TITLE
Independent Director
COMPENSATION
$256K
AGE
61
TENURE
0.8 yrs

Steve Feldman

TITLE
Independent Director
COMPENSATION
$181K
AGE
55
TENURE
0.5 yrs

Chris Robison

TITLE
Independent Director
COMPENSATION
$182K
AGE
60
TENURE
0.5 yrs

Bill Williams

TITLE
Independent Director
COMPENSATION
$182K
AGE
61
TENURE
0.5 yrs

Ronald Simkus

TITLE
Independent Director
COMPENSATION
$181K
AGE
65
TENURE
0.5 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Detour Gold insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
28. May 19 Buy Michael James McMullen Individual 23. May 19 24. May 19 6,300 CA$11.84 CA$74,566
24. May 19 Buy Dawn Whittaker Individual 24. May 19 24. May 19 550 CA$11.96 CA$6,578
13. May 19 Buy Michael James McMullen Individual 07. May 19 08. May 19 14,700 CA$11.89 CA$174,421
19. Mar 19 Buy Steven Feldman Individual 18. Mar 19 18. Mar 19 15,000 CA$12.96 CA$194,473
14. Mar 19 Sell James Mavor Individual 12. Mar 19 12. Mar 19 -65,000 CA$13.40 CA$-864,250
11. Mar 19 Buy Dawn Whittaker Individual 11. Mar 19 11. Mar 19 2,500 CA$12.74 CA$31,850
11. Mar 19 Buy William Williams Individual 11. Mar 19 11. Mar 19 2,500 CA$12.73 CA$31,823
04. Sep 18 Buy John Kenyon Individual 04. Sep 18 04. Sep 18 5,000 CA$10.49 CA$52,450
03. Aug 18 Buy Alberto Heredia Individual 30. Jul 18 30. Jul 18 30,600 CA$12.58 CA$384,912
X
Management checks
We assess Detour Gold's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Detour Gold has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Why Detour Gold Corporation’s (TSE:DGC) Return On Capital Employed Is Impressive

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Detour Gold: 0.04 = US$100m ÷ (US$2.5b - US$67m) (Based on the trailing twelve months to March 2019.) Therefore, Detour Gold has an ROCE of 4.0%. … Detour Gold's Current Liabilities And Their Impact On Its ROCE Current liabilities are short term bills and invoices that need to be paid in 12 months or less. … The ROCE equation subtracts current liabilities from capital employed, so a company with a lot of current liabilities appears to have less capital employed, and a higher ROCE than otherwise.

Simply Wall St -

Those Who Purchased Detour Gold (TSE:DGC) Shares Three Years Ago Have A 59% Loss To Show For It

Long term Detour Gold Corporation (TSE:DGC) shareholders know that all too well, since the share price is down considerably over three years. … In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. … During five years of share price growth, Detour Gold moved from a loss to profitability.

Simply Wall St -

Is Detour Gold Corporation (TSE:DGC) Trading At A 39% Discount?

This is done using the Discounted Cash Flow (DCF) model. … We generally believe that a company's value is the present value of all of the cash it will generate in the future. … If you want to learn more about discounted cash flow, the rationale behind this calculation can be read in detail in the Simply Wall St analysis model?

Simply Wall St -

How Much Are Detour Gold Corporation (TSE:DGC) Insiders Taking Off The Table?

We often see insiders buying up shares in companies that perform well over the long term. … So we'll take a look at whether insiders have been buying or selling shares in Detour Gold Corporation (TSE:DGC). … But logic dictates you should pay some attention to whether insiders are buying or selling shares.

Simply Wall St -

What Can We Make Of Detour Gold Corporation’s (TSE:DGC) High Return On Capital?

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Finally, we'll look at how its current liabilities affect its ROCE. … What is Return On Capital Employed (ROCE)?

Simply Wall St -

What Kind Of Shareholders Own Detour Gold Corporation (TSE:DGC)?

A look at the shareholders of Detour Gold Corporation (TSE:DGC) can tell us which group is most powerful. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … With a market capitalization of CA$2.3b, Detour Gold is a decent size, so it is probably on the radar of institutional investors.

Simply Wall St -

Are Detour Gold Corporation's (TSE:DGC) Interest Costs Too High?

Investors are always looking for growth in small-cap stocks like Detour Gold Corporation (TSE:DGC), with a market cap of CA$2.2b. … However, an important fact which most ignore is: how financially healthy is the business? … I believe these basic checks tell most of the story you need to know.

Simply Wall St -

Despite Its High P/E Ratio, Is Detour Gold Corporation (TSE:DGC) Still Undervalued?

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … Detour Gold has a price to earnings ratio of 32.31, based on the last twelve months. … Price to Earnings Ratio = Price per Share (in the reporting currency) ÷ Earnings per Share (EPS)

Simply Wall St -

Intrinsic Calculation For Detour Gold Corporation (TSE:DGC) Shows Investors Are Overpaying

by taking the expected future cash flows and discounting them to today's value. … Discounted Cash Flows (DCF). … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model

Simply Wall St -

Is It Too Late To Buy Detour Gold Corporation (TSE:DGC) At Its November Price?

Detour Gold Corporation (TSE:DGC) is considered a high-growth stock, but its last closing price of CA$10.22 left some investors wondering if this high future earnings potential can be rationalized by its current price tag. … See our latest analysis for Detour Gold? … Detour Gold's extremely high growth potential in the near future is attracting investors

Simply Wall St -

Company Info

Description

Detour Gold Corporation, a gold mining company, engages in the acquisition, exploration, development, and operation of mineral properties in Canada. It primarily explores for gold. The company’s primary asset is the Detour Lake property consisting of a contiguous block of mining claims and leases totaling 646 square kilometers located in the District of Cochrane. Detour Gold Corporation was founded in 2006 and is headquartered in Toronto, Canada.

Details
Name: Detour Gold Corporation
DGC
Exchange: TSX
Founded: 2006
CA$2,485,363,521
176,141,993
Website: http://www.detourgold.com
Address: Detour Gold Corporation
Commerce Court West,
199 Bay Street,
Toronto,
Ontario, M5L 1E2,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX DGC Common Shares The Toronto Stock Exchange CA CAD 31. Jan 2007
OTCPK DRGD.F Common Shares Pink Sheets LLC US USD 31. Jan 2007
DB D8M Common Shares Deutsche Boerse AG DE EUR 31. Jan 2007
Number of employees
Current staff
Staff numbers
1,001
Detour Gold employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/16 01:12
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/06/10
Last earnings filing: 2019/05/02
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.