Macquarie analyst Andrew Bowler maintained a Buy rating on De Grey Mining Ltd (DGMLF – Research Report) today and set a price target of A$1.90. The company’s shares closed yesterday at $0.90.
Bowler covers the Basic Materials sector, focusing on stocks such as Westgold Resources Ltd, West African Resources Ltd, and De Grey Mining Ltd. According to TipRanks, Bowler has an average return of 6.4% and a 47.83% success rate on recommended stocks.
De Grey Mining Ltd has an analyst consensus of Strong Buy, with a price target consensus of $1.40.
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DGMLF market cap is currently A$2.01B and has a P/E ratio of -148.97.
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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.
