Denison Mines Corp. (TSE:DML) Receives C$3.57 Consensus PT from Brokerages

Denison Mines Corp. (TSE:DML) (NYSE:DNN) has received an average rating of “Buy” from the eight ratings firms that are currently covering the firm, Marketbeat.com reports. Five investment 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 issued a report on the stock in the last year is C$3.63.

A number of research firms have recently issued reports on DML. Raymond James increased their target price on Denison Mines from C$3.50 to C$3.90 in a report on Friday. BMO Capital Markets upgraded Denison Mines from a “market perform” rating to an “outperform” rating and set a C$3.00 price objective for the company in a research report on Wednesday, September 25th. National Bankshares upped their target price on Denison Mines from C$3.50 to C$4.15 and gave the company an “outperform” rating in a report on Thursday, October 24th. National Bank Financial upgraded shares of Denison Mines to a “strong-buy” rating in a report on Tuesday, September 3rd. Finally, Cibc World Mkts upgraded shares of Denison Mines to a “strong-buy” rating in a research note on Thursday, September 26th.

Denison Mines Stock Down 0.6 %

DML stock opened at C$3.32 on Monday. The company’s 50 day simple moving average is C$2.76 and its 200-day simple moving average is C$2.69. Denison Mines has a 52-week low of C$1.91 and a 52-week 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 firm has a market capitalization of C$2.96 billion, a P/E ratio of 54.67, a P/E/G ratio of 1.42 and a beta of 1.89.

Insider Activity at Denison Mines

In other 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. 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.