Raymond James Cuts Denison Mines (TSE:DML) Price Target to C$3.70

Denison Mines (TSE:DML) (NYSE:DNN) had its target price dropped by equities research analysts at Raymond James from C$3.90 to C$3.70 in a research note issued on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James’ target price would indicate a potential upside of 78.74% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. Scotiabank raised their price objective on shares of Denison Mines from C$4.00 to C$4.50 in a research report on Monday, November 25th. National Bankshares decreased their target price on shares of Denison Mines from C$4.30 to C$4.15 and set an “outperform” rating on the stock in a research report on Monday. Five 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 data from MarketBeat.com, Denison Mines has an average rating of “Buy” and a consensus price target of C$3.72.

Denison Mines Stock Performance

Denison Mines stock opened at C$2.07 on Monday. The firm’s fifty day moving average price is C$2.43 and its 200-day moving average price is C$2.65. The stock has a market cap of C$1.87 billion, a P/E ratio of -68.90, a price-to-earnings-growth ratio of 1.42 and a beta of 1.89. Denison Mines has a fifty-two week low of C$1.85 and a fifty-two week high of C$3.45.

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.