Denison Mines Corp. (TSE:DML) Receives C$3.76 Consensus Target Price from Analysts

Shares of Denison Mines Corp. (TSE:DML - Get Free Report) NYSE: DNN have been given a consensus rating of "Buy" by the eight analysts that are covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a buy rating and three have issued a strong buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$3.76.

DML has been the subject of several research analyst reports. Scotiabank boosted their price objective on Denison Mines from C$4.00 to C$4.50 in a report on Monday, November 25th. BMO Capital Markets upgraded Denison Mines from a "market perform" rating to an "outperform" rating and set a C$3.00 price target for the company in a report on Wednesday, September 25th. National Bankshares raised 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. Cibc World Mkts upgraded shares of Denison Mines to a "strong-buy" rating in a research note on Thursday, September 26th. Finally, CIBC set a C$3.25 price target on shares of Denison Mines and gave the stock an "outperform" rating in a research report on Thursday, September 26th.

Denison Mines Stock Down 4.3 %

TSE:DML traded down C$0.13 during trading hours on Tuesday, hitting C$2.86. The stock had a trading volume of 2,012,066 shares, compared to its average volume of 2,408,698. The business has a 50 day simple moving average of C$2.99 and a two-hundred day simple moving average of C$2.68. Denison Mines has a 1-year low of C$1.91 and a 1-year 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 company has a market cap of C$2.55 billion, a PE ratio of 47.67, a price-to-earnings-growth ratio of 1.42 and a beta of 1.89.

Insider Buying and Selling at Denison Mines

In related news, Senior Officer Andrew Alan Yackulic sold 45,500 shares of the company's stock in a transaction 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. Company 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.