Denison Mines Corp. (TSE:DML) Receives C$3.49 Consensus Target Price from Analysts

Denison Mines Corp. (TSE:DML - Get Free Report) NYSE: DNN has been assigned a consensus recommendation of "Buy" from the eight ratings firms that are presently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$3.49.

A number of analysts have commented on the stock. Raymond James reduced their price objective on shares of Denison Mines from C$3.90 to C$3.70 and set an "outperform" rating for the company in a research note on Monday, March 17th. Scotiabank cut their target price on shares of Denison Mines from C$4.75 to C$3.75 and set an "outperform" rating on the stock in a research note on Tuesday, March 25th. National Bankshares decreased their target price on Denison Mines from C$4.15 to C$3.75 and set an "outperform" rating for the company in a research report on Wednesday, April 2nd. Finally, Desjardins raised Denison Mines to a "moderate buy" rating in a research report on Thursday, April 3rd.

Denison Mines Price Performance

Shares of DML traded up C$0.09 during trading hours on Friday, hitting C$1.87. 934,202 shares of the company were exchanged, compared to its average volume of 2,172,651. The firm has a fifty day simple moving average of C$2.06 and a 200-day simple moving average of C$2.60. The company has a market capitalization of C$1.69 billion, a PE ratio of -62.24, a PEG ratio of 1.42 and a beta of 1.89. Denison Mines has a one year low of C$1.58 and a one year high of C$3.45.

Remove Ads

About Denison Mines

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.