In a report released today, Lachlan Shaw from UBS maintained a Hold rating on De Grey Mining Ltd (DGMLF – Research Report), with a price target of A$1.80. The company’s shares closed yesterday at $1.06.
According to TipRanks, Shaw is a 4-star analyst with an average return of 8.5% and a 59.57% success rate. Shaw covers the Basic Materials sector, focusing on stocks such as Allkem Limited, Pilbara Minerals Limited, and IGO.
De Grey Mining Ltd has an analyst consensus of Strong Buy, with a price target consensus of $1.36.
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DGMLF market cap is currently $1.69B and has a P/E ratio of -182.76.
Based on the recent corporate insider activity of 13 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DGMLF in relation to earlier this year.
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De Grey Mining Ltd is a Western Australian based mining company that centres on the exploration of base and precious metals. The company’s primary focus lies in the Pilbara region on the Pilbara Gold Project, which has found to be prospective for gold mineralisation.
