Denison Mines (TSE:DML) Price Target Raised to C$3.90 at Raymond James

Denison Mines (TSE:DML) (NYSE:DNN) had its target price raised by investment analysts at Raymond James from C$3.50 to C$3.90 in a report released on Friday,BayStreet.CA reports. Raymond James’ price objective points to a potential upside of 17.47% from the company’s current price.

Several other brokerages have also recently issued reports on DML. National Bankshares raised their target price on 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. National Bank Financial raised shares of Denison Mines to a “strong-buy” rating in a report on Tuesday, September 3rd. Cibc World Mkts upgraded shares of Denison Mines to a “strong-buy” rating in a research report on Thursday, September 26th. BMO Capital Markets upgraded shares of Denison Mines from a “market perform” rating to an “outperform” rating and set a C$3.00 price target on the stock in a research report on Wednesday, September 25th. Finally, CIBC set a C$3.25 price objective on shares of Denison Mines and gave the company an “outperform” rating in a research report on Thursday, September 26th. Five equities research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, Denison Mines presently has an average rating of “Buy” and a consensus price target of C$3.63.

Denison Mines Price Performance

TSE DML opened at C$3.32 on Friday. The stock has a market capitalization of C$2.96 billion, a price-to-earnings ratio of 55.33, a PEG ratio of 1.42 and a beta of 1.89. Denison Mines has a 1-year low of C$1.91 and a 1-year high of C$3.37. The company has a debt-to-equity ratio of 0.07, a current ratio of 6.94 and a quick ratio of 3.12. The business’s fifty day moving average price is C$2.78 and its 200-day moving average price is C$2.69.

Insiders Place Their Bets

In related news, Senior Officer Andrew Alan Yackulic sold 45,500 shares of the 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. Company insiders own 0.31% of the company’s stock.

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.