Denison Mines Corp. (TSE:DML) Receives Consensus Rating of “Buy” from Brokerages

Shares of Denison Mines Corp. (TSE:DML) (NYSE:DNN) have been given a consensus rating of “Buy” by the eight research firms that are currently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a buy recommendation and three have given a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$3.38.

DML has been the subject of several recent analyst reports. National Bankshares set a C$3.50 target price on Denison Mines and gave the stock an “outperform” rating in a research note on Wednesday, September 4th. Cibc World Mkts upgraded shares of Denison Mines to a “strong-buy” rating in a research note on Thursday. Scotiabank set a C$3.75 target price on Denison Mines and gave the company an “outperform” rating in a research report on Tuesday, July 2nd. Roth Capital upgraded shares of Denison Mines to a “strong-buy” rating in a report on Thursday, June 27th. Finally, CIBC set a C$3.25 target price on shares of Denison Mines and gave the stock an “outperform” rating in a report on Thursday.

Denison Mines Stock Down 0.8 %

Denison Mines stock opened at C$2.50 on Friday. The firm has a market cap of C$2.23 billion, a price-to-earnings ratio of 41.67, a PEG 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 debt-to-equity ratio of 0.07, a quick ratio of 3.12 and a current ratio of 6.94. The firm has a 50 day moving average price of C$2.26 and a two-hundred day moving average price of C$2.64.

Denison Mines (TSE:DML) (NYSE:DNN) last released its earnings results on Thursday, August 8th. The company reported C($0.02) earnings per share (EPS) for the quarter, meeting 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 business had revenue of C$1.33 million for the quarter, compared to analyst estimates of C$1.10 million. Equities analysts predict 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.