Denison Mines (TSE:DML) Given New C$3.75 Price Target at Scotiabank

Denison Mines (TSE:DML) (NYSE:DNN) had its target price trimmed by Scotiabank from C$4.75 to C$3.75 in a research note released on Tuesday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Other equities analysts also recently issued research reports about the company. Raymond James lowered their price target on Denison Mines from C$3.90 to C$3.70 and set an “outperform” rating on the stock in a research report on Monday, March 17th. National Bankshares reduced their price objective on Denison Mines from C$4.30 to C$4.15 and set an “outperform” rating for the company in a report on Monday, March 17th. Five equities research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of C$3.57.

Denison Mines Stock Down 3.7 %

TSE:DML opened at C$2.09 on Tuesday. Denison Mines has a twelve month low of C$1.85 and a twelve month high of C$3.45. The firm has a market capitalization of C$1.89 billion, a price-to-earnings ratio of -69.57, a price-to-earnings-growth ratio of 1.42 and a beta of 1.89. The stock’s 50 day moving average price is C$2.36 and its two-hundred day moving average price is C$2.65.

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.