Denison Mines (TSE:DML) Price Target Raised to C$3.50

Denison Mines (TSE:DML) (NYSE:DNN) had its target price hoisted by Raymond James from C$3.00 to C$3.50 in a research report sent to investors on Tuesday morning, BayStreet.CA reports.

Separately, TD Securities upped their price target on shares of Denison Mines from C$3.50 to C$3.75 and gave the company a speculative buy rating in a research note on Monday, March 4th.

Denison Mines Price Performance

DML stock opened at C$2.71 on Tuesday. Denison Mines has a one year low of C$1.37 and a one year high of C$3.08. The company’s fifty day moving average price is C$2.64 and its 200-day moving average price is C$2.48. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.12 and a current ratio of 8.28. The company has a market capitalization of C$2.42 billion, a PE ratio of 27.10, a price-to-earnings-growth ratio of 1.42 and a beta of 1.90.

Denison Mines (TSE:DML) (NYSE:DNN) last released its quarterly earnings results on Thursday, February 29th. The company reported C$0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C($0.02) by C$0.06. The company had revenue of C$1.09 million for the quarter. Denison Mines had a net margin of 4,871.97% and a return on equity of 16.58%. On average, equities analysts anticipate that Denison Mines will post -0.01 EPS for the current fiscal year.

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.