In a report released on June 22, Tim McCormack from Canaccord Genuity maintained a Buy rating on De Grey Mining Ltd (DGMLF – Research Report), with a price target of A$2.50. The company’s shares closed last Thursday at $0.88.
According to TipRanks, McCormack is a 3-star analyst with an average return of 0.9% and a 39.19% success rate. McCormack covers the Basic Materials sector, focusing on stocks such as Gold Road Resources Ltd, Northern Star Resources Ltd, and De Grey Mining Ltd.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for De Grey Mining Ltd with a $1.39 average price target, implying a 57.40% upside from current levels. In a report released on June 23, UBS also maintained a Buy rating on the stock with a A$1.75 price target.
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The company has a one-year high of $1.15 and a one-year low of $0.50. Currently, De Grey Mining Ltd has an average volume of 13.59K.
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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.
