Denison Mines Corp. (TSE:DML) Receives C$3.76 Average PT from Analysts

Denison Mines Corp. (TSE:DML) (NYSE:DNN) has been assigned a consensus rating of “Buy” from the eight research firms that are presently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a buy recommendation and three have given a strong buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is C$3.72.

Several research firms have weighed in on DML. Raymond James cut their price objective on Denison Mines from C$3.90 to C$3.70 and set an “outperform” rating on the stock in a research report on Monday, March 17th. Scotiabank boosted their price target on Denison Mines from C$4.00 to C$4.50 in a research report on Monday, November 25th. Finally, National Bankshares dropped their price target on Denison Mines from C$4.30 to C$4.15 and set an “outperform” rating on the stock in a research report on Monday, March 17th.

Denison Mines Stock Performance

Denison Mines stock opened at C$2.15 on Monday. The stock’s 50 day simple moving average is C$2.39 and its two-hundred day simple moving average is C$2.65. The stock has a market cap of C$1.94 billion, a price-to-earnings ratio of -71.56, a PEG ratio of 1.42 and a beta of 1.89. Denison Mines has a fifty-two week low of C$1.85 and a fifty-two week high of C$3.45.

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.