Denison Mines (TSE:DML) Given New C$3.90 Price Target at Raymond James

Denison Mines (TSE:DML) (NYSE:DNN) had its target price lifted by Raymond James from C$3.50 to C$3.90 in a report issued on Friday morning,BayStreet.CA reports.

Several other research analysts have also recently commented on the company. National Bankshares increased their price target on Denison Mines from C$3.50 to C$4.15 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Cibc World Mkts raised Denison Mines to a “strong-buy” rating in a research report on Thursday, September 26th. CIBC set a C$3.25 price objective on Denison Mines and gave the company an “outperform” rating in a research report on Thursday, September 26th. National Bank Financial raised Denison Mines to a “strong-buy” rating in a research report on Tuesday, September 3rd. Finally, BMO Capital Markets raised Denison Mines from a “market perform” rating to an “outperform” rating and set a C$3.00 price objective for the company in a research report on Wednesday, September 25th. Five equities research analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$3.76.

Denison Mines Stock Performance

Shares of TSE DML opened at C$3.24 on Friday. The stock has a 50 day moving average price of C$2.80 and a 200 day moving average price of C$2.69. Denison Mines has a 52 week low of C$1.91 and a 52 week high of C$3.40. 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 stock has a market capitalization of C$2.89 billion, a PE ratio of 54.00, a price-to-earnings-growth ratio of 1.42 and a beta of 1.89.

Insider Transactions at Denison Mines

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

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.