Denison Mines (TSE:DML) Upgraded at Desjardins

Desjardins upgraded shares of Denison Mines (TSE:DML) (NYSE:DNN) to a moderate buy rating in a report published on Thursday morning,Zacks.com reports.

Several other brokerages have also recently issued reports on DML. Raymond James reduced their price objective on Denison Mines from C$3.90 to C$3.70 and set an “outperform” rating on the stock in a research note on Monday, March 17th. National Bankshares decreased their price objective on Denison Mines from C$4.15 to C$3.75 and set an “outperform” rating for the company in a research note on Wednesday. Finally, Scotiabank cut their target price on shares of Denison Mines from C$4.75 to C$3.75 and set an “outperform” rating on the stock in a research note on Tuesday, March 25th. Five investment 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$3.49.

Denison Mines Stock Down 4.0 %

Shares of DML opened at C$1.70 on Thursday. The company has a market cap of C$1.54 billion, a P/E ratio of -56.58, a PEG ratio of 1.42 and a beta of 1.89. Denison Mines has a fifty-two week low of C$1.60 and a fifty-two week high of C$3.45. The firm’s 50 day moving average price is C$2.21 and its 200 day moving average price is C$2.63.

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.