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

Denison Mines (TSE:DML) (NYSE:DNN) had its price target trimmed by National Bankshares from C$4.15 to C$3.75 in a report released on Wednesday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

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

Denison Mines Price Performance

TSE:DML opened at C$1.70 on Wednesday. Denison Mines has a one year low of C$1.60 and a one year high of C$3.45. The firm’s 50 day simple moving average is C$2.21 and its 200 day simple moving average is C$2.63. The company has a market cap of C$1.54 billion, a PE ratio of -56.58, a P/E/G 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.