De Grey Mining (ASX:DEG) - Stock Price, News & Analysis

DEG Stock Overview

Engages in the exploration of mineral properties in Australia. More details

DEG fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	3/6
Past Performance	0/6
Financial Health	6/6
Dividends	0/6

Rewards

Trading at 79.1% below our estimate of its fair value

Earnings are forecast to grow 67.07% per year

Risk Analysis

Makes less than USD$1m in revenue (A$42K)

Shareholders have been diluted in the past year

De Grey Mining Limited Competitors

Westgold Resources

ASX:WGX

AU$2.6b

Perseus Mining

ASX:PRU

AU$3.5b

Ramelius Resources

ASX:RMS

AU$2.3b

West African Resources

ASX:WAF

AU$1.6b

Price History & Performance

Summary of all time highs, changes and price drops for De Grey Mining
Historical stock prices
Current Share Price	AU$1.49
52 Week High	AU$1.54
52 Week Low	AU$0.98
Beta	-0.78
11 Month Change	7.19%
3 Month Change	19.20%
1 Year Change	19.20%
33 Year Change	19.68%
5 Year Change	2,880.00%
Change since IPO	-54.85%

We Think De Grey Mining (ASX:DEG) Can Afford To Drive Business Growth

Nov 13

Recent updates

We Think De Grey Mining (ASX:DEG) Can Afford To Drive Business Growth

Nov 13

We're Not Worried About De Grey Mining's (ASX:DEG) Cash Burn

Apr 26

Should Shareholders Have Second Thoughts About A Pay Rise For De Grey Mining Limited's (ASX:DEG) CEO This Year?

Nov 17

We're Hopeful That De Grey Mining (ASX:DEG) Will Use Its Cash Wisely

Jun 15

We Think De Grey Mining (ASX:DEG) Can Afford To Drive Business Growth

Feb 28

We Discuss Why De Grey Mining Limited's (ASX:DEG) CEO May Deserve A Higher Pay Packet

Nov 17

Shareholder Returns

	DEG	AU Metals and Mining	AU Market
7D	9.6%	-2.7%	0.4%
1Y	19.2%	-11.3%	16.9%

Return vs Industry: DEG exceeded the Australian Metals and Mining industry which returned -11.3% over the past year.

Return vs Market: DEG exceeded the Australian Market which returned 16.9% over the past year.

Price Volatility

Is DEG's price volatile compared to industry and market?
DEG volatility
DEG Average Weekly Movement	5.3%
Metals and Mining Industry Average Movement	10.9%
Market Average Movement	8.6%
10% most volatile stocks in AU Market	17.4%
10% least volatile stocks in AU Market	3.4%

Stable Share Price: DEG has not had significant price volatility in the past 3 months compared to the Australian market.

Volatility Over Time: DEG's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2000	137	Glenn R. Jardine	degreymining.com.au

De Grey Mining Limited engages in the exploration of mineral properties in Australia. The company primarily holds 100% interest in the Hemi Gold project covering an area of approximately 1,500 square kilometers located in the Pilbara region of Western Australia. De Grey Mining Limited was incorporated in 2000 and is headquartered in West Perth, Australia.

De Grey Mining Limited Fundamentals Summary

How do De Grey Mining's earnings and revenue compare to its market cap?
DEG fundamental statistics
Market cap	AU$3.37b
Earnings (TTM)	-AU$17.22m
Revenue (TTM)	AU$41.54k

Over9,999x

P/S Ratio

-207.4x

P/E Ratio

Is DEG overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
DEG income statement (TTM)
Revenue	AU$41.54k
Cost of Revenue	AU$0
Gross Profit	AU$41.54k
Other Expenses	AU$17.26m
Earnings	-AU$17.22m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.0072
Gross Margin	100.00%
Net Profit Margin	-41,458.33%
Debt/Equity Ratio	0%

How did DEG perform over the long term?

See historical performance and comparison

DEG Stock Overview

Rewards

Risk Analysis

De Grey Mining Limited Competitors

ASX:WGX

AU$2.6b

ASX:PRU

AU$3.5b

ASX:RMS

AU$2.3b

ASX:WAF

AU$1.6b

Price History & Performance

Recent News & Updates

We Think De Grey Mining (ASX:DEG) Can Afford To Drive Business Growth

De Grey Mining Ltd Provides Progress Update on Exploration Activities At the Egina Gold Project

De Grey Mining Limited, Annual General Meeting, Nov 19, 2024

Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Forecast to breakeven in 2027

Consensus revenue estimates decrease by 51%

Recent updates

We Think De Grey Mining (ASX:DEG) Can Afford To Drive Business Growth

De Grey Mining Ltd Provides Progress Update on Exploration Activities At the Egina Gold Project

De Grey Mining Limited, Annual General Meeting, Nov 19, 2024

Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Forecast to breakeven in 2027

Consensus revenue estimates decrease by 51%

Novo Resources Corp. Provides an Update on Follow-Up Drill Programs At the Becher Project Which Is Part of the Egina Earn-In and Joint Venture with De Grey Mining Limited

Price target increased by 7.4% to AU$1.81

New major risk - Shareholder dilution

Consensus revenue estimates increase by 103%

New minor risk - Profitability

Price target decreased by 11% to AU$1.60

De Grey Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 600.03125 million.

We're Not Worried About De Grey Mining's (ASX:DEG) Cash Burn

First half 2024 earnings released: AU$0.004 loss per share (vs AU$0.005 loss in 1H 2023)

Should Shareholders Have Second Thoughts About A Pay Rise For De Grey Mining Limited's (ASX:DEG) CEO This Year?

Lead Independent Non-Executive Director recently sold AU$296k worth of stock

Non-Executive Chairman recently sold AU$303k worth of stock

De Grey Mining Limited, Annual General Meeting, Nov 23, 2023

Price target decreased by 7.4% to AU$1.74

New major risk - Revenue and earnings growth

Full year 2023 earnings: EPS and revenues miss analyst expectations

New major risk - Financial position

Consensus revenue estimates increase by 53%, EPS downgraded

De Grey Mining Limited Announces the Executive Changes

Technical Director & Director recently sold AU$1.0m worth of stock

Price target decreased by 7.1% to AU$1.91

Consensus EPS estimates fall by 12%

We're Hopeful That De Grey Mining (ASX:DEG) Will Use Its Cash Wisely

Consensus revenue estimates increase by 37%, EPS downgraded

Consensus revenue estimates increase by 37%, EPS downgraded

Price target increased by 8.7% to AU$2.03

Consensus revenue estimates increase by 50%

We Think De Grey Mining (ASX:DEG) Can Afford To Drive Business Growth

First half 2023 earnings released: AU$0.005 loss per share (vs AU$0.005 loss in 1H 2022)

Lead Independent Non-Executive Director recently sold AU$605k worth of stock

De Grey Mining Limited Appoints Mr. Peter Holmes as Hemi Project Director

De Grey Mining Limited Reports an Exploration Update from RC Drilling At Withnell and Withnell South Areas

Consensus EPS estimates upgraded to AU$0.011 loss

De Grey Mining Limited Appoints Emma Scotney as an Independent Non-Executive Director

De Grey Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 0.099999 million.

De Grey Mining Limited Provides an Exploration Update on Recent Drilling Activities Within the Greater Hemi Corridor

We Discuss Why De Grey Mining Limited's (ASX:DEG) CEO May Deserve A Higher Pay Packet

Less than half of directors are independent

Less than half of directors are independent

De Grey Mining Limited Announces Resignation of Samantha Hogg as Non-Executive Director

De Grey Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 130 million.

Price target decreased to AU$1.61

De Grey Mining Limited, Annual General Meeting, Nov 24, 2022

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Price target increased to AU$1.72

De Grey Mining Limited Announces the Resignation of Eduard Eshuys from the Board

De Grey Mining Limited Announces Prefeasibility Study Outcomes - Mallina Gold Project

De Grey Mining Limited Reports Latest Resource Extension and Infill Drilling Results from the Diucon Deposit At Hemi

De Grey Appoints Paul Harvey as Non-Executive Director

Price target decreased to AU$1.79

Is De Grey Mining (ASX:DEG) In A Good Position To Invest In Growth?

De Grey Mining Limited Reports That the Mallina Gold Project Mineral Resource Estimate (Mre) Update Has Been Completed by Cube Consulting Pty Ltd

De Grey Mining Limited Reports the Results of Pilot Scale Metallurgical Testwork from Its Brolga Zone At Hemi