Shares of Denison Mines Corp. (TSE:DML – Get Free Report) (NYSE:DNN) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$2.65 and traded as high as C$3.08. Denison Mines shares last traded at C$2.99, with a volume of 5,494,356 shares.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on the company. Roth Capital raised Denison Mines to a “strong-buy” rating in a research report on Thursday, June 27th. Scotiabank set a C$3.75 price target on shares of Denison Mines and gave the company an “outperform” rating in a report on Tuesday, July 2nd. BMO Capital Markets upgraded 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. Cibc World Mkts raised Denison Mines to a “strong-buy” rating in a report on Thursday, September 26th. Finally, National Bank Financial upgraded Denison Mines to a “strong-buy” rating in a research note on Tuesday, September 3rd. 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 data from MarketBeat.com, Denison Mines currently has a consensus rating of “Buy” and an average price target of C$3.46.
View Our Latest Analysis on Denison Mines
Denison Mines Price Performance
Denison Mines (TSE:DML – Get Free Report) (NYSE:DNN) last issued its quarterly earnings data on Thursday, August 8th. The company reported C($0.02) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C($0.02). Denison Mines had a return on equity of 10.60% and a net margin of 1,412.07%. The business had revenue of C$1.33 million during the quarter, compared to analyst estimates of C$1.10 million. On average, equities research analysts predict that Denison Mines Corp. will post -0.01 earnings per share for the current year.
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.
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