Denison Mines (TSE:DML) Price Target Raised to C$4.50

Denison Mines (TSE:DML) (NYSE:DNN) had its price objective boosted by Scotiabank from C$4.00 to C$4.50 in a research note released on Monday morning,BayStreet.CA reports.

A number of other research firms have also weighed in on DML. Raymond James increased their price objective on Denison Mines from C$3.50 to C$3.90 in a research note on Friday, November 22nd. Cibc World Mkts raised shares of Denison Mines to a “strong-buy” rating in a report on Thursday, September 26th. National Bank Financial raised shares of Denison Mines to a “strong-buy” rating in a research note on Tuesday, September 3rd. National Bankshares raised their target price on Denison Mines from C$3.50 to C$4.15 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, BMO Capital Markets raised Denison Mines from a “market perform” rating to an “outperform” rating and set a C$3.00 price target for the company in a research report on Wednesday, September 25th. Five investment analysts have rated the stock with a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$3.76.

Denison Mines Trading Down 0.3 %

TSE DML opened at C$3.20 on Monday. The firm has a market cap of C$2.86 billion, a PE ratio of 53.33, a price-to-earnings-growth ratio of 1.42 and a beta of 1.89. Denison Mines has a 1-year low of C$1.91 and a 1-year high of C$3.40. The stock has a 50-day moving average of C$2.85 and a 200-day moving average of C$2.69. The company has a current ratio of 6.94, a quick ratio of 3.12 and a debt-to-equity ratio of 0.07.

Insider Buying and Selling

In other Denison Mines news, Senior Officer Andrew Alan Yackulic sold 45,500 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of C$2.84, for a total value of C$129,124.45. 0.31% of the stock is owned by insiders.

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.