Denison Mines Corp. (TSE:DML) Receives C$3.76 Consensus Price Target from Analysts

Shares of Denison Mines Corp. (TSE:DML) (NYSE:DNN) have earned a consensus recommendation of “Buy” from the eight analysts that are presently covering the stock, Marketbeat reports. Five research analysts have rated the stock with a buy rating and three have issued a strong buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$3.76.

DML has been the topic of a number of recent research reports. CIBC set a C$3.25 price target on shares of Denison Mines and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Scotiabank upped their target price on shares of Denison Mines from C$4.00 to C$4.50 in a research note on Monday, November 25th. BMO Capital Markets upgraded shares of 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 note on Wednesday, September 25th. National Bankshares increased their price objective on Denison Mines from C$3.50 to C$4.15 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Finally, Raymond James boosted their target price on Denison Mines from C$3.50 to C$3.90 in a research note on Friday, November 22nd.

Insider Activity at Denison Mines

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

Denison Mines Stock Performance

TSE DML opened at C$2.83 on Tuesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 6.94 and a quick ratio of 3.12. The stock has a market capitalization of C$2.53 billion, a P/E ratio of 47.17, a PEG ratio of 1.42 and a beta of 1.89. The firm’s 50-day moving average is C$2.98 and its two-hundred day moving average is C$2.68. Denison Mines has a 12 month low of C$1.91 and a 12 month 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.