Canaccord Genuity analyst Tim McCormack maintained a Buy rating on De Grey Mining Ltd (DGMLF – Research Report) on April 13 and set a price target of A$2.60. The company’s shares closed last Friday at $1.13.
According to TipRanks, McCormack is a 4-star analyst with an average return of 12.5% and a 52.34% success rate. McCormack covers the Basic Materials sector, focusing on stocks such as Northern Star Resources Ltd, Regis Resources Limited, and Evolution Mining Limited.
De Grey Mining Ltd has an analyst consensus of Strong Buy, with a price target consensus of $1.41.
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DGMLF market cap is currently $1.77B and has a P/E ratio of -194.83.
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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
