Shares of Denison Mines Corp. (TSE:DML - Get Free Report) NYSE: DNN have earned a consensus recommendation of "Buy" from the eight ratings firms that are currently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a buy recommendation and three have given a strong buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$3.76.
A number of equities analysts recently weighed in on the company. Scotiabank lifted their price target on Denison Mines from C$4.00 to C$4.50 in a research note on Monday, November 25th. National Bank Financial upgraded 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. Raymond James lifted their price objective on shares of Denison Mines from C$3.50 to C$3.90 in a research report on Friday, November 22nd. Finally, CIBC set a C$3.25 target price on Denison Mines and gave the company an "outperform" rating in a report on Thursday, September 26th.
View Our Latest Research Report on DML
Insiders Place Their Bets
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 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.
Denison Mines Price Performance
DML traded down C$0.11 during trading on Friday, reaching C$2.97. The stock had a trading volume of 1,471,296 shares, compared to its average volume of 1,958,757. Denison Mines has a 1-year low of C$1.91 and a 1-year high of C$3.45. The firm has a market capitalization of C$2.65 billion, a price-to-earnings ratio of 49.50, a price-to-earnings-growth ratio of 1.42 and a beta of 1.89. The stock has a 50 day moving average of C$3.00 and a two-hundred day moving average of C$2.71. The company has a quick ratio of 3.12, a current ratio of 6.94 and a debt-to-equity ratio of 0.07.
About Denison Mines
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Get Free ReportDenison 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.
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