Denison Mines Corp. (TSE:DML) Receives C$3.76 Average Price Target 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 covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a buy recommendation and three have issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$3.76.

A number of brokerages recently issued reports on DML. Scotiabank increased their price target on shares of Denison Mines from C$4.00 to C$4.50 in a report on Monday, November 25th. National Bankshares boosted 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. Finally, Raymond James increased their price objective on shares of Denison Mines from C$3.50 to C$3.90 in a report on Friday, November 22nd.

Denison Mines Stock Up 0.4 %

TSE:DML opened at C$2.66 on Friday. The company has a current ratio of 6.94, a quick ratio of 3.12 and a debt-to-equity ratio of 0.07. The company’s 50 day moving average is C$2.88 and its two-hundred day moving average is C$2.67. Denison Mines has a twelve month low of C$1.91 and a twelve month high of C$3.45. The company has a market cap of C$2.37 billion, a PE ratio of 44.33, a P/E/G ratio of 1.42 and a beta of 1.89.

Denison Mines (TSE:DML) (NYSE:DNN) last issued its earnings results on Thursday, November 7th. The company reported C($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.02) by C($0.01). Denison Mines had a return on equity of 10.60% and a net margin of 1,412.07%. Analysts anticipate that Denison Mines will post -0.01 EPS for the current year.

Insider Transactions at Denison Mines

In related news, Senior Officer Andrew Alan Yackulic sold 45,500 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of C$2.84, for a total transaction of C$129,124.45. Company insiders own 0.31% of the company’s stock.

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.