Denison Mines (TSE:DML) Rating Increased to Strong-Buy at National Bank Financial

Denison Mines (TSE:DML) (NYSE:DNN) was upgraded by equities research analysts at National Bank Financial to a “strong-buy” rating in a research note issued on Tuesday, Zacks.com reports.

Several other equities research analysts also recently issued reports on the company. Roth Capital upgraded Denison Mines to a “strong-buy” rating in a research report on Thursday, June 27th. Scotiabank set a C$3.75 price target on shares of Denison Mines and gave the stock an “outperform” rating in a report on Tuesday, July 2nd. Finally, National Bankshares set a C$3.50 price objective on shares of Denison Mines and gave the company an “outperform” rating in a research report on Wednesday. One analyst has rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Denison Mines presently has an average rating of “Buy” and an average price target of C$3.28.

Denison Mines Stock Performance

DML traded down C$0.03 during midday trading on Tuesday, reaching C$2.04. The company had a trading volume of 162,435 shares, compared to its average volume of 1,851,517. Denison Mines has a 12-month low of C$1.89 and a 12-month high of C$3.37. The business has a 50-day moving average price of C$2.49 and a two-hundred day moving average price of C$2.68. The stock has a market cap of C$1.82 billion, a PE ratio of 34.17, a P/E/G ratio of 1.42 and a beta of 1.90. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.12 and a current ratio of 6.94.

Denison Mines (TSE:DML) (NYSE:DNN) last announced 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 business had revenue of C$1.33 million during the quarter, compared to analyst estimates of C$1.10 million. On average, sell-side analysts expect that Denison Mines will post -0.01 earnings per share 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.