Analysts Set Denison Mines Corp. (TSE:DML) Target Price at C$3.57

Denison Mines Corp. (TSE:DML) (NYSE:DNN) has earned an average recommendation of “Buy” from the eight analysts that are currently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a buy recommendation and three have given a strong buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$3.63.

Several research firms have issued reports on DML. National Bankshares increased their price objective on Denison Mines from C$3.50 to C$4.15 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. BMO Capital Markets raised shares of Denison Mines from a “market perform” rating to an “outperform” rating and set a C$3.00 price objective for the company in a research note on Wednesday, September 25th. National Bank Financial raised shares of Denison Mines to a “strong-buy” rating in a research report on Tuesday, September 3rd. Raymond James lifted their target price on shares of Denison Mines from C$3.50 to C$3.90 in a report on Friday. Finally, Cibc World Mkts upgraded Denison Mines to a “strong-buy” rating in a report on Thursday, September 26th.

Denison Mines Stock Performance

TSE DML opened at C$3.32 on Monday. The stock has a market capitalization of C$2.96 billion, a price-to-earnings ratio of 54.67, a PEG ratio of 1.42 and a beta of 1.89. The business’s 50 day moving average is C$2.76 and its two-hundred day moving average is C$2.69. Denison Mines has a 12-month low of C$1.91 and a 12-month high of C$3.37. The company has a current ratio of 6.94, a quick ratio of 3.12 and a debt-to-equity ratio of 0.07.

Insider Transactions at Denison Mines

In other Denison Mines news, Senior Officer Andrew Alan Yackulic sold 45,500 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of C$2.84, for a total value of C$129,124.45. Corporate insiders own 0.31% of the company’s stock.

Denison Mines Company Profile

Denison Mines Corp. engages in the acquisition, exploration, and development of uranium bearing properties in Canada. Its flagship project is the Wheeler River uranium project covering an area of approximately 300,000 hectares located in the Athabasca Basin region in northern Saskatchewan. The company was formerly known as International Uranium Corporation and changed its name to Denison Mines Corp.