Denison Mines Corp. (TSE:DML) Receives C$3.46 Consensus Target Price from Analysts

Shares of Denison Mines Corp. (TSE:DML) (NYSE:DNN) have been given a consensus rating of “Buy” by the eight ratings firms that are currently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation and three have issued a strong buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is C$3.57.

Several research firms have weighed in on DML. BMO Capital Markets raised Denison Mines from a “market perform” rating to an “outperform” rating and set a C$3.00 price target for the company in a research report on Wednesday, September 25th. CIBC set a C$3.25 price target on Denison Mines and gave the stock an “outperform” rating in a research report on Thursday, September 26th. National Bank Financial raised Denison Mines to a “strong-buy” rating in a research report on Tuesday, September 3rd. Cibc World Mkts raised Denison Mines to a “strong-buy” rating in a research report on Thursday, September 26th. Finally, National Bankshares raised their price target on Denison Mines from C$3.50 to C$4.15 and gave the stock an “outperform” rating in a research report on Thursday, October 24th.

Denison Mines Stock Performance

TSE DML opened at C$2.98 on Thursday. Denison Mines has a 1-year low of C$1.91 and a 1-year high of C$3.37. The company has a market capitalization of C$2.66 billion, a P/E ratio of 49.67, a PEG ratio of 1.42 and a beta of 1.89. The business has a 50 day moving average price of C$2.49 and a 200 day moving average price of C$2.66. The company has a debt-to-equity ratio of 0.07, a current ratio of 6.94 and a quick ratio of 3.12.

Denison Mines (TSE:DML) (NYSE:DNN) last released its quarterly earnings data on Thursday, August 8th. The company reported C($0.02) earnings per share for the quarter, meeting the consensus estimate of C($0.02). Denison Mines had a return on equity of 10.60% and a net margin of 1,412.07%. The firm had revenue of C$1.33 million during the quarter, compared to the consensus estimate of C$1.10 million. Sell-side analysts expect that Denison Mines will post -0.01 EPS for the current fiscal year.

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.