Denison Mines (DML) Stock Forecast & Price Target

C$2.52

-0.09 (-3.45%)

(As of 01:52 PM ET)

Denison Mines - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Buy

Based on 8 Analyst Ratings

Sell
0

Hold
0

Buy
8

Based on 8 Wall Street analysts who have issued ratings for Denison Mines in the last 12 months, the stock has a consensus rating of "Buy." Out of the 8 analysts, 5 have given a buy rating, and 3 have given a strong buy rating for DML.

Consensus Price Target

C$3.38
33.54% Upside

According to the 8 analysts' twelve-month price targets for Denison Mines, the average price target is C$3.38. The highest price target for DML is C$3.75, while the lowest price target for DML is C$2.90. The average price target represents a forecasted upside of 33.54% from the current price of C$2.52.

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DML Analyst Ratings Over Time

Type	Current Forecast 10/10/23 to 10/9/24	1 Month Ago 9/10/23 to 9/9/24	3 Months Ago 7/12/23 to 7/11/24	1 Year Ago 10/10/22 to 10/10/23
Strong Buy	3 Strong Buy rating(s)	2 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	5 Buy rating(s)	4 Buy rating(s)	3 Buy rating(s)	3 Buy rating(s)
Hold	0 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)	0 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$3.38	C$3.28	C$3.24	C$2.89
Forecasted Upside	33.54% Upside	66.42% Upside	5.25% Upside	30.07% Upside
Consensus Rating	Buy	Buy	Buy	Buy

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DML Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

DML Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Denison Mines Stock vs. The Competition

Type	Denison Mines	Energy Companies
Consensus Rating Score	3.38	2.80
Consensus Rating	Buy	Moderate Buy
News Sentiment Rating	Neutral News See Recent DML News	Neutral News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/26/2024	Cibc World Mkts 0 of 5 stars	B. Adams Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
9/26/2024	CIBC 3 of 5 stars		Set Target	Outperform	C$3.25	+30.00%
9/25/2024	BMO Capital Markets 4 of 5 stars	A. Pearce Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Market Perform ➝ Outperform	C$3.00	+18.11%
9/4/2024	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Set Target	Outperform	C$3.50	+69.08%
9/3/2024	National Bank Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Sidibe Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
7/2/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	O. Wowkodaw Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target	Outperform	C$3.75	+32.51%
6/27/2024	Roth Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Reagor Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
4/23/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$3.00 ➝ C$3.50	+27.74%
3/4/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Speculative Buy	C$3.50 ➝ C$3.75	+48.81%
10/10/2023	Cormark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$2.60 ➝ C$2.90	+31.82%
9/26/2023	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Speculative Buy	C$3.00 ➝ C$3.25	+45.74%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 02:16 PM ET.

DML Forecast - Frequently Asked Questions

: According to the research reports of 8 Wall Street equities research analysts, the average twelve-month stock price forecast for Denison Mines is C$3.38, with a high forecast of C$3.75 and a low forecast of C$2.90.
: 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Denison Mines in the last year. There are currently 5 buy ratings and 3 strong buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" DML shares.
: According to analysts, Denison Mines's stock has a predicted upside of 34.07% based on their 12-month stock forecasts.
: Over the previous 90 days, Denison Mines's stock had 3 upgrades by analysts.
: Denison Mines has been rated by research analysts at BMO Capital Markets, CIBC, Cibc World Mkts, National Bank Financial, and National Bankshares in the past 90 days.
: Analysts like Denison Mines more than other "energy" companies. The consensus rating for Denison Mines is Buy while the average consensus rating for "energy" companies is Moderate Buy. Learn more on how DML compares to other companies.

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This page (TSE:DML) was last updated on 10/9/2024 by MarketBeat.com Staff

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