Denison Mines (TSE:DML) Price Target Raised to C$4.50 at Scotiabank

Denison Mines (TSE:DML) (NYSE:DNN) had its target price lifted by Scotiabank from C$4.00 to C$4.50 in a research note released on Monday morning,BayStreet.CA reports.

Several other equities analysts also recently weighed in on DML. National Bank Financial upgraded Denison Mines to a “strong-buy” rating in a report on Tuesday, September 3rd. BMO Capital Markets upgraded 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. CIBC set a C$3.25 target price on shares of Denison Mines and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Cibc World Mkts upgraded shares of Denison Mines to a “strong-buy” rating in a report on Thursday, September 26th. Finally, National Bankshares boosted their price objective on shares of Denison Mines from C$3.50 to C$4.15 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Five equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$3.76.

Denison Mines Stock Down 0.3 %

DML stock opened at C$3.20 on Monday. The business has a 50 day moving average of C$2.85 and a 200 day moving average of C$2.69. The firm has a market cap of C$2.86 billion, a PE ratio of 53.33, a price-to-earnings-growth ratio of 1.42 and a beta of 1.89. Denison Mines has a twelve month low of C$1.91 and a twelve month high of C$3.40. The company has a quick ratio of 3.12, a current ratio of 6.94 and a debt-to-equity ratio of 0.07.

Insider Activity

In other news, Senior Officer Andrew Alan Yackulic sold 45,500 shares of the firm’s 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. 0.31% of the stock is owned by corporate insiders.

About Denison Mines

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.