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

Shares of Denison Mines Corp. (TSE:DML) (NYSE:DNN) have received a consensus rating of “Buy” from the eight brokerages that are currently covering the company, MarketBeat.com 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 1 year target price among brokers that have issued ratings on the stock in the last year is C$3.76.

A number of equities research analysts have recently weighed in on the company. CIBC set a C$3.25 price target on Denison Mines and gave the stock an “outperform” rating in a research note on Thursday, September 26th. National Bankshares boosted their target price on shares of Denison Mines from C$3.50 to C$4.15 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Cibc World Mkts raised shares of Denison Mines to a “strong-buy” rating in a report on Thursday, September 26th. Raymond James boosted their price objective on shares of Denison Mines from C$3.50 to C$3.90 in a report on Friday, November 22nd. Finally, BMO Capital Markets raised Denison Mines from a “market perform” rating to an “outperform” rating and set a C$3.00 target price on the stock in a research report on Wednesday, September 25th.

Insider Buying and Selling

In related news, Senior Officer Andrew Alan Yackulic sold 45,500 shares of the firm’s stock in a transaction dated 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 currently owned by corporate insiders.

Denison Mines Stock Down 1.4 %

Shares of DML stock opened at C$2.77 on Tuesday. The stock’s fifty day moving average price is C$2.98 and its 200 day moving average price is C$2.68. Denison Mines has a 1-year low of C$1.91 and a 1-year high of C$3.45. The company has a market cap of C$2.47 billion, a price-to-earnings ratio of 46.17, a price-to-earnings-growth ratio of 1.42 and a beta of 1.89. The company has a debt-to-equity ratio of 0.07, a current ratio of 6.94 and a quick ratio of 3.12.

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.