DEG Stock Overview

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

DEG fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	4/6
Past Performance	0/6
Financial Health	6/6
Dividends	0/6

Rewards

Trading at 74.5% below our estimate of its fair value

Earnings are forecast to grow 64.48% per year

Risk Analysis

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

Shareholders have been diluted in the past year

My Notes

Capture your thoughts, links and company narrative

De Grey Mining Limited Competitors

Perseus Mining

ASX:PRU

AU$3.7b

Westgold Resources

ASX:WGX

AU$3.1b

Ramelius Resources

ASX:RMS

AU$2.5b

West African Resources

ASX:WAF

AU$1.7b

Price History & Performance

Summary of share price highs, lows and changes for De Grey Mining
Historical stock prices
Current Share Price	AU$1.79
52 Week High	AU$1.99
52 Week Low	AU$0.98
Beta	-0.78
1 Month Change	20.13%
3 Month Change	33.58%
1 Year Change	38.22%
3 Year Change	50.42%
5 Year Change	3,480.00%
Change since IPO	-45.76%

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	-8.0%	-5.1%	-0.6%
1Y	38.2%	-17.6%	9.1%

Return vs Industry: DEG exceeded the Australian Metals and Mining industry which returned -17.6% over the past year.

Return vs Market: DEG exceeded the Australian Market which returned 9.1% over the past year.

Price Volatility

Is DEG's price volatile compared to industry and market?
DEG volatility
DEG Average Weekly Movement	9.4%
Metals and Mining Industry Average Movement	10.7%
Market Average Movement	8.1%
10% most volatile stocks in AU Market	16.7%
10% least volatile stocks in AU Market	3.1%

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 (9%) 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$4.40b
Earnings (TTM)	-AU$17.22m
Revenue (TTM)	AU$41.54k

Over9,999x

P/S Ratio

-249.1x

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

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/19 07:33
End of Day Share Price	2024/12/19 00:00
Earnings	2024/06/30
Annual Earnings	2024/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

De Grey Mining Limited is covered by 12 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
April Lowis	Barrenjoey Markets Pty Limited
Glyn Lawcock	Barrenjoey Markets Pty Limited
Daniel Morgan	Barrenjoey Markets Pty Limited

DEG Stock Overview

Rewards

Risk Analysis

De Grey Mining Limited Competitors

ASX:PRU

AU$3.7b

ASX:WGX

AU$3.1b

ASX:RMS

AU$2.5b

ASX:WAF

AU$1.7b

Price History & Performance

Recent News & Updates

Price target increased by 8.0% to AU$2.15

Northern Star Resources Limited (ASX:NST) agreed to acquire De Grey Mining Limited (ASX:DEG) for AUD 4.9 billion.

Northern Star Resources Limited (ASX:NST) agreed to acquire De Grey Mining Limited (ASX:DEG) for AUD 4.9 billion.

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

Recent updates

Price target increased by 8.0% to AU$2.15

Northern Star Resources Limited (ASX:NST) agreed to acquire De Grey Mining Limited (ASX:DEG) for AUD 4.9 billion.

Northern Star Resources Limited (ASX:NST) agreed to acquire De Grey Mining Limited (ASX:DEG) for AUD 4.9 billion.

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