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Detour Gold

DB:D8M
Snowflake Description

Excellent balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
D8M
DB
CA$2B
Market Cap
  1. Home
  2. DE
  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 43 days ago. More info.


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  • Detour Gold has significant price volatility in the past 3 months.
D8M Share Price and Events
7 Day Returns
-4.3%
DB:D8M
6.3%
DE Metals and Mining
2.4%
DE Market
1 Year Returns
-19.9%
DB:D8M
-36.4%
DE Metals and Mining
-6.2%
DE Market
D8M Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Detour Gold (D8M) -4.3% -9.3% -3.2% -19.9% -55% 6.9%
DE Metals and Mining 6.3% 4.7% -7.5% -36.4% -24.8% -21.8%
DE Market 2.4% 3% 7.4% -6.2% 9.6% 14.1%
1 Year Return vs Industry and Market
  • D8M outperformed the Metals and Mining industry which returned -36.4% over the past year.
  • D8M underperformed the Market in Germany which returned -6.2% over the past year.
Price Volatility
D8M
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.

DB:D8M Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.3%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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 DB:D8M
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 1.13
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.132 (1 + (1- 26.5%) (16.17%))
1.179
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.18
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.179 * 5.96%)
7.25%

Discounted Cash Flow Calculation for DB:D8M 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.

DB:D8M DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.25%)
2019 50.02 Analyst x10 46.63
2020 91.41 Analyst x7 79.47
2021 147.86 Analyst x3 119.84
2022 172.87 Analyst x1 130.63
2023 191.88 Est @ 10.99% 135.19
2024 206.77 Est @ 7.76% 135.83
2025 218.15 Est @ 5.5% 133.61
2026 226.71 Est @ 3.92% 129.46
2027 233.08 Est @ 2.81% 124.10
2028 237.83 Est @ 2.04% 118.06
Present value of next 10 years cash flows $1,152.82
DB:D8M DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $237.83 × (1 + 0.23%) ÷ (7.25% – 0.23%)
$3,392.43
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $3,392.43 ÷ (1 + 7.25%)10
$1,684.03
DB:D8M Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,152.82 + $1,684.03
$2,836.85
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $2,836.85 / 175.76
$24.75
DB:D8M Discount to Share Price
Calculation Result
Exchange Rate USD/CAD
(Reporting currency to currency of TSX:DGC)
1.339
Value per Share
(CAD)
= Value per Share in USD x Exchange Rate (USD/CAD)
= $16.14 x 1.339
CA$21.61
Non-primary Listing Adjustment Factor 1 share in DB:D8M represents 0.65222x of TSX:DGC
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.65222x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 21.61 x 0.65222
€14.10
Value per share (EUR) From above. €14.10
Current discount Discount to share price of €7.64
= -1 x (€7.64 - €14.10) / €14.10
45.8%

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
46%
Share price is €7.64 vs Future cash flow value of €14.1
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, and at a moderate discount (> 20%).
  • Detour Gold's share price is below the future cash flow value, and 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
DB:D8M PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $-0.01
TSX:DGC Share Price ** TSX (2019-04-18) in CAD CA$11.72
TSX:DGC Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.747 $8.75
Germany Metals and Mining Industry PE Ratio Median Figure of 5 Publicly-Listed Metals and Mining Companies 15.2x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.67x

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

** Primary Listing of Detour Gold.

DB:D8M PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 8.75 ÷ -0.01

-1532.58x

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

  • Detour Gold is loss making, we can't compare its value to the DE Metals and Mining industry average.
  • Detour Gold is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Detour Gold's expected growth come at a high price?
Raw Data
DB:D8M PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1532.58x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
46.6%per year
Europe Metals and Mining Industry PEG Ratio Median Figure of 61 Publicly-Listed Metals and Mining Companies 0.64x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Detour Gold, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Detour Gold's assets?
Raw Data
DB:D8M PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $11.19
TSX:DGC Share Price * TSX (2019-04-18) in CAD CA$11.72
TSX:DGC Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.747 $8.75
Germany Metals and Mining Industry PB Ratio Median Figure of 8 Publicly-Listed Metals and Mining Companies 2.1x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.85x
DB:D8M PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 8.75 ÷ 11.19

0.78x

* 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 DE 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 3/6, 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 7 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
46.6%
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 0.2%.
Growth vs Market Checks
  • Detour Gold's earnings growth is expected to exceed the Germany market average.
  • Detour Gold's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:D8M Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:D8M Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 46.6%
DB:D8M Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 1.2%
Germany Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 31.5%
Europe Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 0.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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
DB:D8M Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:D8M Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 773 338 1
2022-12-31 825 357 162 2
2021-12-31 830 341 137 3
2020-12-31 786 266 119 7
2019-12-31 781 256 42 7
DB:D8M Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
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
2016-03-31 599 190 -73

*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 1.2% 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
DB:D8M Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from Detour Gold Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:D8M Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 0.92 0.92 0.92 1.00
2021-12-31 0.78 0.78 0.78 1.00
2020-12-31 0.68 0.74 0.61 2.00
2019-12-31 0.24 0.25 0.23 2.00
DB:D8M Past Financials Data
Date (Data in USD Millions) EPS *
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
2016-03-31 -0.43

*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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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 does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Detour Gold's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Detour Gold's 1-year growth to the DE Metals and Mining industry average as it is not currently profitable.
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 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:D8M Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
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 30.10
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.
  • It is difficult to establish if Detour Gold has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Detour Gold used its assets less efficiently than the DE Metals and Mining industry average last year based on Return on Assets.
  • It is difficult to establish if Detour Gold improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
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 0/6, 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 1x 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 3 months ago.

DB:D8M Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
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 (12.7%) 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 (29.9% vs 12.7% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Detour Gold has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Detour Gold has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by % per year.
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 €2,000 of Detour Gold shares you are expected to receive €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
DB:D8M 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 7 Analyst Estimates (S&P Global) See Below
Germany Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

DB:D8M Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.00 1.00
2020-12-31 0.00 2.00
2019-12-31 0.00 3.00

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 Germany.
X
Income/ dividend checks
We assess Detour Gold's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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
Bill Williams
TENURE AS CEO 0.3 years
CEO Bio

Dr. William Conard Williams, also known as Bill, Ph.D., CPG has been Director at Zinc One Resources Inc. since June 1, 2017 and also has been its Interim Chief Executive Officer since November 13, 2018. Dr. Williams is Interim Chief Executive Officer of Detour Gold Corporation since January 2019 and it’s Director since December 2018. Dr. Williams serves as Chief Operating Officer at Zinc One Resources Inc. since June 01, 2017. Dr. Williams served as Chief Executive Officer at Forrester Metals Inc. (also known as, Vena Resources Inc.) since August 29, 2016 until June 2017. Dr. Williams is a Consultant to the mining industry. Dr. Williams is an economic geologist with extensive experience in South America. Dr. Williams has been Chief Executive Officer of Vena Resources Inc. since August 29, 2016. Dr. Williams served as the Chief Executive Officer and President of Orvana Minerals Corp. of Empresa Minera Paititi S.A. from December 2011 to April 6, 2013. He served as Vice President of Corporate Development at Orvana Minerals Asturias Corp. since August 28, 2009. He served as the President of Orvana Resources US Corp. He served as Vice President of Corporate Development of Orvana Minerals Corp. from March 3, 2008 to December 2011. He was a Vice President for Phelps Dodge Exploration. He has spent eight years in the petroleum industry. He was involved in minerals exploration and project development throughout the Americas with Western Mining, Northern Orion and Freeport-McMoRan. Dr. Williams served as a Director of Orvana Minerals Corp. since December 2011. He has been a Director Forrester Metals Inc. (also known as, Vena Resources Inc.) since July 29, 2016 until June 01, 2017. Dr. Williams received his Ph.D. degree in Economic Geology from the University of Arizona.

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

Average tenure of the Detour Gold management team in years:

0.6
Average Tenure
  • The average tenure for the Detour Gold management team is less than 2 years, this suggests a new team.
Management Team

Bill Williams

TITLE
Interim CEO & Director
TENURE
0.3 yrs

Judy Kirk

TITLE
Director
AGE
61
TENURE
0.7 yrs

Frazer Bourchier

TITLE
Chief Operating Officer
AGE
52
TENURE
1.3 yrs

Laurie Gaborit

TITLE
Vice President of Investor Relations
TENURE
2.3 yrs

Carl DeLuca

TITLE
General Counsel & Corporate Secretary
TENURE
0.2 yrs

Kelly Barrowcliffe

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

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

0.3
Average Tenure
60
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
TENURE
0.1 yrs

Bill Williams

TITLE
Interim CEO & Director
TENURE
0.3 yrs

Judy Kirk

TITLE
Director
AGE
61
TENURE
0.7 yrs

André Falzon

TITLE
Director
COMPENSATION
$77K
AGE
63
TENURE
6 yrs

Chris Robinson

TITLE
Director
AGE
60
TENURE
0.3 yrs

Alan Edwards

TITLE
Director
AGE
60
TENURE
0.7 yrs

Steve Feldman

TITLE
Director
AGE
55
TENURE
0.3 yrs

Ronald Simkus

TITLE
Director
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • Detour Gold insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
19. Mar 19 Buy Steven Feldman Individual 18. Mar 19 18. Mar 19 15,000 €8.57 €128,565
14. Mar 19 Sell James Mavor Individual 12. Mar 19 12. Mar 19 -65,000 €8.87 €-572,162
11. Mar 19 Buy Dawn Whittaker Individual 11. Mar 19 11. Mar 19 2,500 €8.45 €21,133
11. Mar 19 Buy William Williams Individual 11. Mar 19 11. Mar 19 2,500 €8.45 €21,116
04. Sep 18 Buy John Kenyon Individual 04. Sep 18 04. Sep 18 5,000 €6.88 €34,408
03. Aug 18 Buy Alberto Heredia Individual 30. Jul 18 30. Jul 18 30,600 €8.26 €252,666
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

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
D8M
Exchange: DB
Founded: 2006
CA$1,367,868,379
175,756,257
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: 2019/04/19 21:01
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/18
Last earnings filing: 2019/03/07
Last earnings reported: 2018/12/31
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.