Denison Mines (TSE:DML) Price Target Raised to C$4.50 at Scotiabank

Denison Mines (TSE:DML) (NYSE:DNN) had its target price increased by Scotiabank from C$4.00 to C$4.50 in a research report released on Monday,BayStreet.CA reports.

A number of other research analysts have also issued reports on DML. Cibc World Mkts raised shares of Denison Mines to a “strong-buy” rating in a research note on Thursday, September 26th. National Bankshares boosted their price objective 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. BMO Capital Markets raised Denison Mines from a “market perform” rating to an “outperform” rating and set a C$3.00 price objective for the company in a report on Wednesday, September 25th. National Bank Financial raised Denison Mines to a “strong-buy” rating in a research note on Tuesday, September 3rd. Finally, CIBC set a C$3.25 price target on Denison Mines and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Five investment analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of C$3.76.

Denison Mines Stock Performance

DML stock opened at C$3.24 on Monday. The stock’s fifty day moving average is C$2.80 and its two-hundred day moving average is C$2.69. The stock has a market capitalization of C$2.89 billion, a price-to-earnings ratio of 54.00, a PEG ratio of 1.42 and a beta of 1.89. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.12 and a current ratio of 6.94. Denison Mines has a 1 year low of C$1.91 and a 1 year high of C$3.40.

Insiders Place Their Bets

In other news, Senior Officer Andrew Alan Yackulic sold 45,500 shares of Denison Mines stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of C$2.84, for a total value of C$129,124.45. 0.31% of the stock is currently owned by insiders.

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.