Denison Mines (TSE:DML) Trading Down 3.3%

Shares of Denison Mines Corp. (TSE:DML) (NYSE:DNN) fell 3.3% on Thursday . The stock traded as low as C$2.63 and last traded at C$2.63. 15,494 shares changed hands during mid-day trading, a decline of 99% from the average session volume of 1,697,908 shares. The stock had previously closed at C$2.72.

Analyst Ratings Changes

Several research firms recently weighed in on DML. Roth Capital upgraded shares of Denison Mines to a “strong-buy” rating in a research report on Thursday, June 27th. Scotiabank set a C$3.75 target price on shares of Denison Mines and gave the stock an “outperform” rating in a report on Tuesday, July 2nd. Finally, Raymond James boosted their price target on shares of Denison Mines from C$3.00 to C$3.50 in a report on Tuesday, April 23rd. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Denison Mines has an average rating of “Buy” and a consensus price target of C$3.24.

Denison Mines Stock Down 5.1 %

The firm’s 50-day simple moving average is C$2.88 and its 200 day simple moving average is C$2.77. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.12 and a current ratio of 6.68. The stock has a market capitalization of C$2.30 billion, a P/E ratio of 34.00, a PEG ratio of 1.42 and a beta of 1.89.

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