In a report released today, Andrew Bowler from Macquarie maintained a Buy rating on De Grey Mining Ltd (DGMLF – Research Report), with a price target of A$1.90. The company’s shares closed yesterday at $0.92.
Bowler covers the Basic Materials sector, focusing on stocks such as Ramelius Resources Limited, De Grey Mining Ltd, and Regis Resources Limited. According to TipRanks, Bowler has an average return of 9.7% and a 55.70% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for De Grey Mining Ltd with a $1.22 average price target, implying a 32.61% upside from current levels. In a report released on July 11, J.P. Morgan also initiated coverage with a Buy rating on the stock with a A$1.60 price target.
See today’s best-performing stocks on TipRanks >>
The company has a one-year high of $1.15 and a one-year low of $0.57. Currently, De Grey Mining Ltd has an average volume of 15.89K.
Based on the recent corporate insider activity of 9 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.
Read More on DGMLF:
