Brokerages Set Denison Mines Corp. (TSE:DML) PT at C$3.76

Denison Mines Corp. (TSE:DML) (NYSE:DNN) has been assigned an average recommendation of “Buy” from the eight research firms that are currently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a buy recommendation and three have given a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$3.72.

Several equities research analysts have issued reports on the company. National Bankshares cut their target price on Denison Mines from C$4.30 to C$4.15 and set an “outperform” rating for the company in a research note on Monday. Scotiabank raised their price objective on Denison Mines from C$4.00 to C$4.50 in a research report on Monday, November 25th. Finally, Raymond James decreased their target price on shares of Denison Mines from C$3.90 to C$3.70 and set an “outperform” rating on the stock in a research report on Monday.

Denison Mines Price Performance

Denison Mines stock opened at C$2.11 on Monday. The stock has a market cap of C$1.91 billion, a price-to-earnings ratio of -70.23, a price-to-earnings-growth ratio of 1.42 and a beta of 1.89. The firm has a 50 day simple moving average of C$2.41 and a 200-day simple moving average of C$2.64. Denison Mines has a 1-year low of C$1.85 and a 1-year high of C$3.45.

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.