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 an average recommendation of “Buy” from the eight research firms that are currently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$3.76.

A number of brokerages have recently commented on DML. Scotiabank lifted their price target on shares of Denison Mines from C$4.00 to C$4.50 in a research note on Monday, November 25th. National Bankshares raised 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 report on Thursday, October 24th. Finally, Raymond James boosted their target price on shares of Denison Mines from C$3.50 to C$3.90 in a research note on Friday, November 22nd.

Denison Mines Stock Up 0.4 %

Shares of TSE:DML opened at C$2.66 on Friday. Denison Mines has a 12-month low of C$1.91 and a 12-month high of C$3.45. The stock has a market capitalization of C$2.37 billion, a price-to-earnings ratio of 44.33, a PEG ratio of 1.42 and a beta of 1.89. The stock has a fifty day simple moving average of C$2.88 and a two-hundred day simple moving average of C$2.67. 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 (TSE:DML) (NYSE:DNN) last posted its quarterly earnings results on Thursday, November 7th. The company reported C($0.03) EPS for the quarter, missing analysts’ consensus estimates of C($0.02) by C($0.01). Denison Mines had a net margin of 1,412.07% and a return on equity of 10.60%. On average, research analysts anticipate that Denison Mines will post -0.01 earnings per share for the current fiscal year.

Insider Activity

In other Denison Mines news, Senior Officer Andrew Alan Yackulic sold 45,500 shares of Denison Mines stock in a transaction on Monday, November 11th. The shares were sold at an average price of C$2.84, for a total transaction of C$129,124.45. Corporate insiders own 0.31% of the company’s stock.

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.