In a report released today, Levi Spry from UBS maintained a Buy rating on De Grey Mining Ltd (DGMLF – Research Report), with a price target of A$1.75. The company’s shares closed yesterday at $0.88.
According to TipRanks, Spry is a 4-star analyst with an average return of 12.4% and a 64.52% success rate. Spry covers the Basic Materials sector, focusing on stocks such as Northern Star Resources Ltd, De Grey Mining Ltd, and Evolution Mining Limited.
De Grey Mining Ltd has an analyst consensus of Strong Buy, with a price target consensus of $1.39, implying a 57.40% upside from current levels. In a report released on June 16, Macquarie also maintained a Buy rating on the stock with a A$1.90 price target.
See today’s best-performing stocks on TipRanks >>
DGMLF market cap is currently A$2.12B and has a P/E ratio of -159.31.
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.
