Denison Mines Corp. (TSE:DML) Receives C$3.57 Consensus Target Price from Brokerages

Shares of Denison Mines Corp. (TSE:DML) (NYSE:DNN) have received a consensus rating of “Buy” from the eight analysts that are covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is C$3.63.

A number of equities analysts recently commented on DML shares. Cibc World Mkts upgraded shares of Denison Mines to a “strong-buy” rating in a research note on Thursday, September 26th. National Bank Financial upgraded Denison Mines to a “strong-buy” rating in a report on Tuesday, September 3rd. CIBC set a C$3.25 target price on Denison Mines and gave the stock an “outperform” rating in a research note on Thursday, September 26th. National Bankshares increased their price target on shares of 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, BMO Capital Markets upgraded shares of 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.

Insiders Place Their Bets

In related news, Senior Officer Andrew Alan Yackulic sold 45,500 shares of the company’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 company insiders.

Denison Mines Price Performance

Denison Mines stock opened at C$3.32 on Monday. The company’s 50 day moving average is C$2.78 and its two-hundred day moving average is C$2.69. The firm has a market cap of C$2.96 billion, a PE ratio of 55.33, a price-to-earnings-growth ratio of 1.42 and a beta of 1.89. The company has a quick ratio of 3.12, a current ratio of 6.94 and a debt-to-equity ratio of 0.07. Denison Mines has a 52-week low of C$1.91 and a 52-week high of C$3.37.

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.