Denison Mines (TSE:DML) Upgraded to “Outperform” by BMO Capital Markets

Denison Mines (TSE:DML) (NYSE:DNN) was upgraded by analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a note issued to investors on Wednesday, MarketBeat reports. The firm currently has a C$3.00 target price on the stock. BMO Capital Markets’ target price points to a potential upside of 19.05% from the company’s previous close.

A number of other equities analysts have also recently issued reports on the company. Roth Capital upgraded Denison Mines to a “strong-buy” rating in a report on Thursday, June 27th. National Bankshares set a C$3.50 price objective on shares of Denison Mines and gave the company an “outperform” rating in a report on Wednesday, September 4th. Scotiabank set a C$3.75 price target on shares of Denison Mines and gave the company an “outperform” rating in a research report on Tuesday, July 2nd. Finally, National Bank Financial raised Denison Mines to a “strong-buy” rating in a report on Tuesday, September 3rd. Five investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Denison Mines presently has a consensus rating of “Buy” and a consensus price target of C$3.38.

Denison Mines Price Performance

Shares of TSE DML opened at C$2.52 on Wednesday. The firm has a market capitalization of C$2.25 billion, a P/E ratio of 42.00, a P/E/G ratio of 1.42 and a beta of 1.89. The firm’s 50-day moving average price is C$2.26 and its 200-day moving average price is C$2.65. The company has a current ratio of 6.94, a quick ratio of 3.12 and a debt-to-equity ratio of 0.07. Denison Mines has a 1-year low of C$1.91 and a 1-year high of C$3.37.

Denison Mines (TSE:DML) (NYSE:DNN) last posted its quarterly earnings results on Thursday, August 8th. The company reported C($0.02) earnings per share 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 for the quarter, compared to the consensus estimate of C$1.10 million. Equities research analysts anticipate that Denison Mines will post -0.01 earnings per share for the current fiscal year.

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.