Denison Mines (TSE:DML) Price Target Lowered to C$3.75 at National Bankshares

Denison Mines (TSE:DML - Get Free Report) NYSE: DNN had its price target dropped by equities researchers at National Bankshares from C$4.15 to C$3.75 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. National Bankshares' price target points to a potential upside of 121.89% from the stock's previous close.

A number of other equities research analysts also recently issued reports on DML. Raymond James lowered their price target on shares of Denison Mines from C$3.90 to C$3.70 and set an "outperform" rating on the stock in a report on Monday, March 17th. Scotiabank reduced their price target on shares of Denison Mines from C$4.75 to C$3.75 and set an "outperform" rating for the company in a research report on Tuesday, March 25th. Five equities research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of C$3.49.

Denison Mines Price Performance

Shares of Denison Mines stock traded down C$0.01 during trading hours on Wednesday, reaching C$1.69. The company had a trading volume of 2,727,705 shares, compared to its average volume of 2,198,590. The firm has a market cap of C$1.53 billion, a PE ratio of -56.25, a price-to-earnings-growth 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. The business has a fifty day simple moving average of C$2.21 and a 200 day simple moving average of C$2.64.

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.