In a report released yesterday, Al Harvey from J.P. Morgan maintained a Buy rating on De Grey Mining Ltd (DGMLF – Research Report), with a price target of A$1.50. The company’s shares closed yesterday at $0.78.
Harvey covers the Basic Materials sector, focusing on stocks such as Iluka Resources Limited, Pilbara Minerals Limited, and Evolution Mining Limited. According to TipRanks, Harvey has an average return of 8.4% and a 60.98% success rate on recommended stocks.
Currently, the analyst consensus on De Grey Mining Ltd is a Strong Buy with an average price target of $1.23.
The company has a one-year high of $1.08 and a one-year low of $0.65. Currently, De Grey Mining Ltd has an average volume of 17.55K.
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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.
