Denison Mines (TSE:DML) Rating Increased to Strong-Buy at Cibc World Mkts

Denison Mines (TSE:DML) (NYSE:DNN) was upgraded by equities researchers at Cibc World Mkts to a “strong-buy” rating in a research report issued to clients and investors on Thursday, Zacks.com reports.

A number of other research firms have also weighed in on DML. Scotiabank set a C$3.75 target price on Denison Mines and gave the company an “outperform” rating in a report on Tuesday, July 2nd. CIBC set a C$3.25 price objective on Denison Mines and gave the company an “outperform” rating in a research note on Thursday. National Bankshares set a C$3.50 target price on shares of Denison Mines and gave the stock an “outperform” rating in a research note on Wednesday, September 4th. BMO Capital Markets raised shares of Denison Mines from a “market perform” rating to an “outperform” rating and set a C$3.00 price target on the stock in a research report on Wednesday. Finally, National Bank Financial raised shares of Denison Mines to a “strong-buy” rating in a research report on Tuesday, September 3rd. Five equities research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$3.38.

Denison Mines Stock Performance

TSE DML opened at C$2.50 on Thursday. The company has a market cap of C$2.23 billion, a P/E ratio of 41.67, a PEG ratio of 1.42 and a beta of 1.89. The company has a fifty day simple moving average of C$2.26 and a 200 day simple moving average of C$2.64. The company has a current ratio of 6.94, a quick ratio of 3.12 and a debt-to-equity ratio of 0.07. Denison Mines has a 12-month low of C$1.91 and a 12-month high of C$3.37.

Denison Mines (TSE:DML) (NYSE:DNN) last issued its quarterly earnings data on Thursday, August 8th. The company reported C($0.02) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C($0.02). Denison Mines had a net margin of 1,412.07% and a return on equity of 10.60%. The firm had revenue of C$1.33 million during the quarter, compared to analysts’ expectations of C$1.10 million. Sell-side analysts predict that Denison Mines will post -0.01 earnings per share 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.