Canaccord Genuity analyst Tim McCormack maintained a Buy rating on De Grey Mining Ltd (DGMLF – Research Report) on April 18 and set a price target of A$2.70. The company’s shares closed last Friday at $0.89.
McCormack covers the Basic Materials sector, focusing on stocks such as Regis Resources Limited, Northern Star Resources Ltd, and Gold Road Resources Ltd. According to TipRanks, McCormack has an average return of 12.1% and a 59.31% success rate on recommended stocks.
De Grey Mining Ltd has an analyst consensus of Strong Buy, with a price target consensus of $1.29, representing a 45.60% upside. In a report released on April 15, RBC Capital also maintained a Buy rating on the stock with a A$1.60 price target.
The company has a one-year high of $1.11 and a one-year low of $0.65. Currently, De Grey Mining Ltd has an average volume of 15.32K.
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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.
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