Denison Mines (TSE:DML) Upgraded at BMO Capital Markets

Denison Mines (TSE:DML) (NYSE:DNN) was upgraded by equities researchers at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a note issued to investors on Wednesday, BayStreet.CA reports. The brokerage presently has a C$3.00 price target on the stock. BMO Capital Markets’ price target suggests a potential upside of 18.11% from the company’s previous close.

DML has been the topic of several other reports. Roth Capital raised Denison Mines to a “strong-buy” rating in a research report on Thursday, June 27th. Scotiabank set a C$3.75 target price on Denison Mines and gave the company an “outperform” rating in a report on Tuesday, July 2nd. National Bank Financial upgraded Denison Mines to a “strong-buy” rating in a report on Tuesday, September 3rd. Finally, National Bankshares set a C$3.50 price objective on shares of Denison Mines and gave the company an “outperform” rating in a research report on Wednesday, September 4th. Five research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Denison Mines currently has an average rating of “Buy” and an average price target of C$3.38.

Denison Mines Trading Up 5.0 %

DML traded up C$0.12 on Wednesday, reaching C$2.54. 2,631,717 shares of the company’s stock were exchanged, compared to its average volume of 1,923,708. Denison Mines has a twelve month low of C$1.91 and a twelve month high of C$3.37. The company’s 50 day moving average is C$2.27 and its 200-day moving average is C$2.65. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.12 and a current ratio of 6.94. The company has a market cap of C$2.27 billion, a price-to-earnings ratio of 42.33, a PEG ratio of 1.42 and a beta of 1.89.

Denison Mines (TSE:DML) (NYSE:DNN) last released its quarterly earnings data on Thursday, August 8th. The company reported C($0.02) earnings per share (EPS) for the quarter, hitting the consensus estimate of C($0.02). The company had revenue of C$1.33 million during the quarter, compared to analyst estimates of C$1.10 million. Denison Mines had a net margin of 1,412.07% and a return on equity of 10.60%. Equities analysts predict that Denison Mines will post -0.01 earnings per share for the current year.

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.