Brokerages Set Denison Mines Corp. (TSE:DML) Price Target at C$3.76

Shares of Denison Mines Corp. (TSE:DML) (NYSE:DNN) have earned a consensus recommendation of “Buy” from the eight ratings firms that are presently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is C$3.76.

A number of brokerages have commented on DML. Scotiabank raised their price objective on Denison Mines from C$4.00 to C$4.50 in a research report on Monday, November 25th. National Bank Financial upgraded shares of 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 on the stock in a research note on Wednesday, September 25th. Raymond James lifted their target price on shares of Denison Mines from C$3.50 to C$3.90 in a research note on Friday, November 22nd. Finally, Cibc World Mkts raised shares of Denison Mines to a “strong-buy” rating in a research note on Thursday, September 26th.

Insider Activity

In other Denison Mines news, Senior Officer Andrew Alan Yackulic sold 45,500 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of C$2.84, for a total transaction of C$129,124.45. 0.31% of the stock is owned by insiders.

Denison Mines Stock Performance

Shares of Denison Mines stock opened at C$2.97 on Friday. Denison Mines has a 12 month low of C$1.91 and a 12 month high of C$3.45. The company has a quick ratio of 3.12, a current ratio of 6.94 and a debt-to-equity ratio of 0.07. The stock has a market cap of C$2.65 billion, a PE ratio of 49.50, a price-to-earnings-growth ratio of 1.42 and a beta of 1.89. The business has a fifty day simple moving average of C$3.01 and a 200-day simple moving average of C$2.71.

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.