Brokerages Set Denison Mines Corp. (TSE:DML) PT at C$3.76

Denison Mines Corp. (TSE:DML) (NYSE:DNN) has been given an average rating of “Buy” by the eight analysts that are covering the firm, MarketBeat reports. Five analysts have rated the stock with a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$3.76.

Several analysts have recently issued reports on the company. Raymond James upped their price objective on Denison Mines from C$3.50 to C$3.90 in a report on Friday, November 22nd. Cibc World Mkts upgraded shares of Denison Mines to a “strong-buy” rating in a research report on Thursday, September 26th. Scotiabank boosted their target price on shares of Denison Mines from C$4.00 to C$4.50 in a report on Monday, November 25th. CIBC set a C$3.25 price target on shares of Denison Mines and gave the company an “outperform” rating in a report on Thursday, September 26th. Finally, 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 note on Thursday, October 24th.

Insider Buying and Selling at Denison Mines

In other news, Senior Officer Andrew Alan Yackulic sold 45,500 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of C$2.84, for a total transaction of C$129,124.45. 0.31% of the stock is owned by corporate insiders.

Denison Mines Price Performance

TSE DML opened at C$2.83 on Tuesday. Denison Mines has a 12 month low of C$1.91 and a 12 month high of C$3.45. The company has a current ratio of 6.94, a quick ratio of 3.12 and a debt-to-equity ratio of 0.07. The stock has a market cap of C$2.53 billion, a PE ratio of 47.17, a P/E/G ratio of 1.42 and a beta of 1.89. The stock’s 50 day moving average is C$2.98 and its 200 day moving average is C$2.68.

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.