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

Shares of Denison Mines Corp. (TSE:DML) (NYSE:DNN) have been given an average rating of “Buy” by the eight brokerages that are presently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a buy recommendation and three have issued a strong buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$3.72.

Several equities research analysts have recently weighed in on DML shares. Raymond James decreased their target price on shares of Denison Mines from C$3.90 to C$3.70 and set an “outperform” rating for the company in a research note on Monday, March 17th. National Bankshares cut their price target on shares of Denison Mines from C$4.30 to C$4.15 and set an “outperform” rating for the company in a report on Monday, March 17th. Finally, Scotiabank increased their target price on shares of Denison Mines from C$4.00 to C$4.50 in a report on Monday, November 25th.

Denison Mines Price Performance

TSE DML opened at C$2.15 on Monday. Denison Mines has a 1 year low of C$1.85 and a 1 year high of C$3.45. The company has a market capitalization of C$1.94 billion, a PE ratio of -71.56, a P/E/G ratio of 1.42 and a beta of 1.89. The company has a fifty day moving average of C$2.39 and a two-hundred day moving average of C$2.64.

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.