Denison Mines (TSE:DML) Stock Price Expected to Rise, Scotiabank Analyst Says

Denison Mines (TSE:DML) (NYSE:DNN) had its target price hoisted by Scotiabank from C$4.00 to C$4.50 in a report released on Monday,BayStreet.CA reports. Scotiabank’s target price would suggest a potential upside of 41.51% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. National Bank Financial raised shares of Denison Mines to a “strong-buy” rating in a research note on Tuesday, September 3rd. CIBC set a C$3.25 price target on shares of Denison Mines and gave the stock an “outperform” rating in a research note on Thursday, September 26th. National Bankshares boosted their price target on shares of Denison Mines from C$3.50 to C$4.15 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. BMO Capital Markets raised shares of 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 note on Wednesday, September 25th. Finally, Cibc World Mkts raised shares of Denison Mines to a “strong-buy” rating in a research note on Thursday, September 26th. Five investment analysts have rated the stock with a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$3.76.

Denison Mines Price Performance

TSE:DML traded down C$0.14 during mid-day trading on Monday, hitting C$3.18. 1,926,179 shares of the stock traded hands, compared to its average volume of 1,976,274. The business’s 50-day moving average price is C$2.78 and its 200 day moving average price is C$2.69. The company has a market cap of C$2.84 billion, a PE ratio of 53.50, a price-to-earnings-growth ratio of 1.42 and a beta of 1.89. Denison Mines has a 12-month low of C$1.91 and a 12-month high of C$3.40. The company has a quick ratio of 3.12, a current ratio of 6.94 and a debt-to-equity ratio of 0.07.

Insider Activity at Denison Mines

In related news, Senior Officer Andrew Alan Yackulic sold 45,500 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of C$2.84, for a total transaction of C$129,124.45. 0.31% of the stock is currently owned by company insiders.

Denison Mines Company Profile

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.