Desjardins Upgrades Denison Mines (TSE:DML) to Moderate Buy

Denison Mines (TSE:DML) (NYSE:DNN) was upgraded by research analysts at Desjardins to a “moderate buy” rating in a research note issued on Thursday,Zacks.com reports.

Several other research firms also recently issued reports on DML. Raymond James cut their target price 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. Scotiabank dropped 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. Finally, National Bankshares decreased their price objective on shares of Denison Mines from C$4.15 to C$3.75 and set an “outperform” rating on the stock in a report on Wednesday. Five equities research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, Denison Mines currently has a consensus rating of “Buy” and an average price target of C$3.49.

Denison Mines Price Performance

Shares of DML opened at C$1.70 on Thursday. Denison Mines has a 1-year low of C$1.60 and a 1-year high of C$3.45. The company has a 50-day moving average of C$2.21 and a 200 day moving average of C$2.63. The firm has a market capitalization of C$1.54 billion, a price-to-earnings ratio of -56.58, 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.