Denison Mines (TSE:DML) Given a C$3.75 Price Target by Scotiabank Analysts

Denison Mines (TSE:DML) (NYSE:DNN) has been given a C$3.75 target price by equities research analysts at Scotiabank in a research note issued to investors on Tuesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Scotiabank’s target price would suggest a potential upside of 31.12% from the stock’s previous close.

Other equities analysts have also issued reports about the company. TD Securities raised their target price on Denison Mines from C$3.50 to C$3.75 and gave the company a “speculative buy” rating in a report on Monday, March 4th. Roth Capital upgraded Denison Mines to a “strong-buy” rating in a report on Thursday, June 27th. Finally, Raymond James raised their target price on Denison Mines from C$3.00 to C$3.50 in a report on Tuesday, April 23rd. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$3.24.

Denison Mines Stock Up 4.4 %

Shares of TSE:DML traded up C$0.12 during midday trading on Tuesday, hitting C$2.86. 1,421,019 shares of the stock were exchanged, compared to its average volume of 1,684,173. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.12 and a current ratio of 6.68. Denison Mines has a 52-week low of C$1.54 and a 52-week high of C$3.37. The business’s fifty day simple moving average is C$2.92 and its two-hundred day simple moving average is C$2.70. The company has a market capitalization of C$2.55 billion, a PE ratio of 35.38, a P/E/G ratio of 1.42 and a beta of 1.89.

Denison Mines (TSE:DML) (NYSE:DNN) last announced its quarterly earnings data on Wednesday, May 8th. The company reported C($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.01) by C($0.01). Denison Mines had a return on equity of 13.47% and a net margin of 1,986.78%. The firm had revenue of C$0.83 million for the quarter. As a group, research analysts predict that Denison Mines will post -0.01 earnings per share for the current fiscal year.

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.