Macquarie analyst Andrew Bowler maintained a Buy rating on De Grey Mining Ltd (DGMLF – Research Report) today and set a price target of A$1.70. The company’s shares closed last Friday at $0.82.
Bowler covers the Basic Materials sector, focusing on stocks such as Evolution Mining Limited, Gold Road Resources Ltd, and Aurelia Metals Limited. According to TipRanks, Bowler has an average return of 6.2% and a 51.54% success rate on recommended stocks.
Currently, the analyst consensus on De Grey Mining Ltd is a Strong Buy with an average price target of $1.16.
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The company has a one-year high of $1.15 and a one-year low of $0.65. Currently, De Grey Mining Ltd has an average volume of 11.98K.
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De Grey Mining Ltd (DGMLF) Company Description:
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.
