Scotiabank Analysts Give Denison Mines (TSE:DML) a C$3.75 Price Target

Denison Mines (TSE:DML) (NYSE:DNN) has been assigned a C$3.75 price objective by equities researchers at Scotiabank in a research report issued on Tuesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s target price points to a potential upside of 30.66% from the company’s previous close.

DML has been the subject of a number of other reports. Roth Capital upgraded shares of Denison Mines to a “strong-buy” rating in a report on Thursday, June 27th. Raymond James boosted their price objective on shares of Denison Mines from C$3.00 to C$3.50 in a research report on Tuesday, April 23rd. Finally, TD Securities increased their target price on shares of Denison Mines from C$3.50 to C$3.75 and gave the stock a “speculative buy” rating in a report on Monday, March 4th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of C$3.24.

Denison Mines Stock Down 0.3 %

DML opened at C$2.87 on Tuesday. The company has a market cap of C$2.56 billion, a P/E ratio of 35.88, a P/E/G ratio of 1.42 and a beta of 1.89. Denison Mines has a 12 month low of C$1.54 and a 12 month high of C$3.37. The business’s 50-day moving average price is C$2.93 and its 200-day moving average price is C$2.71. The company has a current ratio of 6.68, a quick ratio of 3.12 and a debt-to-equity ratio of 0.07.

Denison Mines (TSE:DML) (NYSE:DNN) last announced its quarterly earnings results on Wednesday, May 8th. The company reported C($0.02) EPS for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.01). The company had revenue of C$0.83 million during the quarter. Denison Mines had a return on equity of 13.47% and a net margin of 1,986.78%. On average, equities analysts expect that Denison Mines will post -0.01 EPS for the current year.

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.