Denison Mines (TSE:DML) Raised to “Strong-Buy” at Cibc World Mkts

Denison Mines (TSE:DML) (NYSE:DNN) was upgraded by Cibc World Mkts to a “strong-buy” rating in a note issued to investors on Thursday, Zacks.com reports.

Several other research analysts have also recently weighed in on DML. National Bank Financial upgraded Denison Mines to a “strong-buy” rating in a research report on Tuesday, September 3rd. Scotiabank set a C$3.75 price target on shares of Denison Mines and gave the stock an “outperform” rating in a report on Tuesday, July 2nd. National Bankshares set a C$3.50 price objective on shares of Denison Mines and gave the company an “outperform” rating in a report on Wednesday, September 4th. Roth Capital upgraded Denison Mines to a “strong-buy” rating in a research report on Thursday, June 27th. Finally, CIBC set a C$3.25 price target on Denison Mines and gave the stock an “outperform” rating in a report on Thursday. Five equities research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$3.38.

Denison Mines Stock Performance

DML opened at C$2.52 on Thursday. The company has a market cap of C$2.25 billion, a P/E ratio of 42.00, a price-to-earnings-growth ratio of 1.42 and a beta of 1.89. Denison Mines has a 52-week low of C$1.91 and a 52-week high of C$3.37. 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 firm’s 50-day moving average price is C$2.26 and its 200-day moving average price is C$2.65.

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