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

Denison Mines (TSE:DML) (NYSE:DNN) had its target price upped by research analysts at Scotiabank from C$4.00 to C$4.50 in a report issued on Monday,BayStreet.CA reports. Scotiabank’s price target indicates a potential upside of 41.51% from the company’s previous close.

A number of other brokerages have also recently issued reports on DML. National Bank Financial raised shares of Denison Mines to a “strong-buy” rating in a research report on Tuesday, September 3rd. BMO Capital Markets upgraded shares of Denison Mines from a “market perform” rating to an “outperform” rating and set a C$3.00 price objective for the company in a research note on Wednesday, September 25th. National Bankshares raised their price objective on shares of Denison Mines from C$3.50 to C$4.15 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Raymond James raised their price objective on shares of Denison Mines from C$3.50 to C$3.90 in a research note on Friday. Finally, CIBC set a C$3.25 price objective on shares of Denison Mines and gave the company an “outperform” rating in a research note on Thursday, September 26th. Five 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, the company has an average rating of “Buy” and a consensus price target of C$3.76.

Denison Mines Stock Down 4.2 %

TSE DML traded down C$0.14 during trading hours on Monday, reaching C$3.18. 1,926,179 shares of the company’s stock traded hands, compared to its average volume of 1,976,274. Denison Mines has a 52-week low of C$1.91 and a 52-week high of C$3.40. The firm has a market cap of C$2.84 billion, a PE ratio of 53.50, a PEG ratio of 1.42 and a beta of 1.89. The firm has a 50-day simple moving average of C$2.78 and a 200 day simple moving average of C$2.69. The company has a debt-to-equity ratio of 0.07, a current ratio of 6.94 and a quick ratio of 3.12.

Insider Activity at Denison Mines

In related news, Senior Officer Andrew Alan Yackulic sold 45,500 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of C$2.84, for a total value 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.