Brokerages Set Denison Mines Corp. (TSE:DML) Target Price at C$3.76

Denison Mines Corp. (TSE:DML) (NYSE:DNN) has been given a consensus rating of “Buy” by the eight analysts that are currently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a buy recommendation and three have assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$3.76.

A number of equities research analysts have commented on the company. Scotiabank lifted their target price on Denison Mines from C$4.00 to C$4.50 in a research report on Monday, November 25th. Raymond James upped their target price on shares of Denison Mines from C$3.50 to C$3.90 in a research report on Friday, November 22nd. Finally, National Bankshares lifted their price target on shares of Denison Mines from C$3.50 to C$4.15 and gave the company an “outperform” rating in a research report on Thursday, October 24th.

Denison Mines Price Performance

Denison Mines stock opened at C$2.58 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 stock has a market cap of C$2.30 billion, a P/E ratio of 43.00, a PEG ratio of 1.42 and a beta of 1.89. The company has a 50-day moving average price of C$2.85 and a 200 day moving average price of C$2.67. Denison Mines has a 12-month low of C$1.91 and a 12-month high of C$3.45.

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

Insider Transactions at Denison Mines

In other news, Senior Officer Andrew Alan Yackulic sold 45,500 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of C$2.84, for a total value of C$129,124.45. Corporate 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.