Raymond James Has Lowered Expectations for Denison Mines (TSE:DML) Stock Price

Denison Mines (TSE:DML - Get Free Report) NYSE: DNN had its price objective dropped by investment analysts at Raymond James from C$3.90 to C$3.70 in a research note issued to investors on Monday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. Raymond James' price target would suggest a potential upside of 72.90% from the stock's previous close.

Several other equities research analysts also recently weighed in on DML. National Bankshares decreased their price objective on Denison Mines from C$4.30 to C$4.15 and set an "outperform" rating for the company in a report on Monday. Scotiabank increased their price target on Denison Mines from C$4.00 to C$4.50 in a report on Monday, November 25th. Five analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of C$3.72.

Denison Mines Price Performance

Shares of DML stock traded down C$0.03 during trading hours on Monday, hitting C$2.14. The stock had a trading volume of 854,368 shares, compared to its average volume of 2,205,171. The firm has a market capitalization of C$1.93 billion, a PE ratio of -71.23, a PEG ratio of 1.42 and a beta of 1.89. Denison Mines has a twelve month low of C$1.85 and a twelve month high of C$3.45. The stock's 50 day moving average is C$2.40 and its 200 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.