RBC Capital analyst Alex Barkley maintained a Buy rating on De Grey Mining Ltd (DGMLF – Research Report) on September 11 and set a price target of A$2.00. The company’s shares closed yesterday at $0.82.
Barkley covers the Basic Materials sector, focusing on stocks such as Northern Star Resources Ltd, Evolution Mining Limited, and Gold Road Resources Ltd. According to TipRanks, Barkley has an average return of -0.4% and a 40.98% success rate on recommended stocks.
Currently, the analyst consensus on De Grey Mining Ltd is a Strong Buy with an average price target of $1.16, a 41.74% upside from current levels. In a report released on September 8, Macquarie also maintained a Buy rating on the stock with a A$2.00 price target.
See the top stocks recommended by analysts >>
DGMLF market cap is currently $1.3B and has a P/E ratio of -140.17.
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:
