DE GREY MINING LIMITED (DEG)
Share Price Analysis and Chart

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DEG - DE GREY MINING LIMITED

FNArena Sector : Gold & Silver
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: -0.32
Index: ASX200 | ASX300 | ALL-ORDS

De Grey Mining is an Australian gold explorer and producer. Its primary focus is the Mallina Gold project in the Pilbara region of WA. The company has been listed since 2002.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.96

20 Jan
2025

-0.050

OPEN

$2.03

-2.49%

HIGH

$2.03

4,768,291

LOW

$1.96

TARGET
$2.123 8.3% upside
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FNARENA'S MARKET CONSENSUS FORECASTS
DEG: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx - 0.9 - 0.8 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A N/A xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A N/A xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx-0.9
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx0.0 M
Book Value Per Share xxxxxxxxxxxxxxx53.2
Net Operating Cash Flow xxxxxxxxxxxxxxx-11.5 M
Net Profit Margin xxxxxxxxxxxxxxx-73,017.50 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx-2.04 %
Return on Invested Capital xxxxxxxxxxxxxxx-2.03 %
Return on Assets xxxxxxxxxxxxxxx-1.96 %
Return on Equity xxxxxxxxxxxxxxx-2.04 %
Return on Total Capital xxxxxxxxxxxxxxx-3.33 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-28.7 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx1 M
Long Term Debt xxxxxxxxxxxxxxx7 M
Total Debt xxxxxxxxxxxxxxx8 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx867 M
Price To Book Value xxxxxxxxxxxxxxx2.14

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx107.9 M
Capex % of Sales xxxxxxxxxxxxxxx457,642.20 %
Cost of Goods Sold xxxxxxxxxxxxxxx-
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx26 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx4 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.7

No. Of Recommendations

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

-1

xx xxxxxx

xx.xx%

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Bell Potter

03/12/2024

3

Downgrade to Speculative Hold from Speculative Buy

$1.97

0.51%

Bell Potter downgrades De Grey Mining to Speculative Hold from Speculative Buy with a lower target price of $1.97 from $2.15.

Northern Star Resources ((NST)) and De Grey have agreed to an all-scrip transaction whereby De Grey shareholders receive 0.119 new Northern Star shares, implying a share price value of $2.08 for De Grey shares and valuing the company at $5bn.

The analyst believes the deal is positive for both companies, with De Grey shareholders receiving a premium of 37.1% at the last close while reducing development and finance risk.

Northern Star's balance sheet is robust, with $1.8bn in cash/bullion and $1.5bn in undrawn debt facilities, and in a strong position to develop the Hemi project. The broker believes a competing bid from one of the majors—Gold Fields, Barrick Gold, and Newmont Corp ((NEM))—is possible.

There is no news regarding Gold Road Resources' ((GOR)) 17% shareholding in De Grey.

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

(xx/xx/xxxx)

xx.xx%

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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Goldman Sachs

xx/xx/xxxx

-1

xx xxxxxx

xx.xx%

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Canaccord Genuity

19/11/2024

1

Speculative Buy

$2.90

47.96%

De Grey Mining updated the Hemi Resource which now stands at 264Mt at 1.3g/t Au for 11.2Moz, up 0.7Moz from November 2023, while group resources increased by 0.9Moz to 13.6Moz.

Canaccord Genuity notes  Hemi Resource has added 1.7Moz since June 2023, with production potential projected at 527kozpa over the first 10 years, supported by a $1.45bn pre-production capex.

A scoping study indicates potential group production to lift to 700kozpa from FY31.

Financing is advancing, with $1bn in senior debt and a $130m cost overrun facility secured, alongside a $828m cash balance, expected to fund development, the broker notes. 

The Speculative Buy rating is maintained. No change to $2.90 target price.
Access Extra Coverage Research History >

DEG STOCK CHART

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1
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