Denison Mines (TSE:DML) Price Target Cut to C$3.75 by Analysts at Scotiabank

Denison Mines (TSE:DML - Get Free Report) NYSE: DNN had its price objective reduced by equities researchers at Scotiabank from C$4.75 to C$3.75 in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. Scotiabank's target price would indicate a potential upside of 96.34% from the stock's previous close.

A number of other equities analysts also recently issued reports on the company. Raymond James decreased their price objective on Denison Mines from C$3.90 to C$3.70 and set an "outperform" rating for the company in a report on Monday, March 17th. National Bankshares dropped their price target on Denison Mines from C$4.30 to C$4.15 and set an "outperform" rating on the stock in a research report on Monday, March 17th. Five equities research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Buy" and a consensus price target of C$3.57.

Denison Mines Trading Down 5.0 %

Shares of DML stock traded down C$0.10 during midday trading on Tuesday, reaching C$1.91. 2,011,019 shares of the stock were exchanged, compared to its average volume of 2,188,164. Denison Mines has a 1 year low of C$1.85 and a 1 year high of C$3.45. The firm has a market cap of C$1.73 billion, a PE ratio of -63.57, a price-to-earnings-growth ratio of 1.42 and a beta of 1.89. The company's 50 day moving average is C$2.32 and its two-hundred day moving average is C$2.64.

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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.