UBS analyst Levi Spry maintained a Buy rating on De Grey Mining Ltd (DGMLF – Research Report) today and set a price target of A$1.20. The company’s shares closed yesterday at $0.70.
Spry covers the Basic Materials sector, focusing on stocks such as OZ Minerals Limited, IGO, and Sandfire Resources Limited. According to TipRanks, Spry has an average return of 1.8% and a 47.46% success rate on recommended stocks.
Currently, the analyst consensus on De Grey Mining Ltd is a Strong Buy with an average price target of $1.07, a 51.92% upside from current levels. In a report released on September 28, Macquarie also maintained a Buy rating on the stock with a A$1.65 price target.
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The company has a one-year high of $1.07 and a one-year low of $0.50. Currently, De Grey Mining Ltd has an average volume of 29.16K.
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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.
