National Bankshares Cuts Denison Mines (TSE:DML) Price Target to C$3.75

Denison Mines (TSE:DML) (NYSE:DNN) had its price objective decreased by equities researchers at National Bankshares from C$4.15 to C$3.75 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price target points to a potential upside of 101.61% from the company’s current price.

Several other research analysts have also weighed in on the company. Scotiabank cut their target price on Denison Mines from C$4.75 to C$3.75 and set an “outperform” rating on the stock in a research report on Tuesday, March 25th. Raymond James reduced their price objective on Denison Mines from C$3.90 to C$3.70 and set an “outperform” rating on the stock in a research note on Monday, March 17th. Five investment analysts have rated the stock with a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of C$3.49.

Denison Mines Stock Performance

Denison Mines stock traded down C$0.02 during trading on Wednesday, reaching C$1.86. The company had a trading volume of 840,991 shares, compared to its average volume of 2,162,963. Denison Mines has a 12-month low of C$1.84 and a 12-month high of C$3.45. The stock’s 50 day moving average price is C$2.28 and its two-hundred day moving average price is C$2.64. The firm has a market capitalization of C$1.68 billion, a price-to-earnings ratio of -61.91, a PEG ratio of 1.42 and a beta of 1.89.

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.