In a report released on November 21, Alex Barkley from RBC Capital maintained a Buy rating on De Grey Mining Ltd (DGMLF – Research Report), with a price target of A$1.70. The company’s shares closed yesterday at $0.84.
Barkley covers the Basic Materials sector, focusing on stocks such as Silver Lake Resources Limited, De Grey Mining Ltd, and Gold Road Resources Ltd. According to TipRanks, Barkley has an average return of -1.6% and a 40.28% 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 $1.03 average price target.
See today’s best-performing stocks on TipRanks >>
DGMLF market cap is currently $1.5B and has a P/E ratio of -96.71.
Based on the recent corporate insider activity of 16 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying 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 (DGMLF) Company Description:
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:
