Denison Mines (TSE:DML) PT Set at C$3.25 by CIBC

CIBC set a C$3.25 target price on Denison Mines (TSE:DML) (NYSE:DNN) in a research report report published on Thursday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Other analysts have also issued research reports about the stock. National Bankshares set a C$3.50 target price on shares of Denison Mines and gave the company an outperform rating in a research report on Wednesday, September 4th. Roth Capital raised Denison Mines to a strong-buy rating in a report on Thursday, June 27th. National Bank Financial upgraded Denison Mines to a strong-buy rating in a research report on Tuesday, September 3rd. BMO Capital Markets upgraded Denison Mines from a market perform rating to an outperform rating and set a C$3.00 target price for the company in a research report on Wednesday. Finally, Scotiabank set a C$3.75 price target on Denison Mines and gave the stock an outperform rating in a report on Tuesday, July 2nd. Five investment analysts have rated the stock with a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, Denison Mines currently has a consensus rating of Buy and a consensus price target of C$3.38.

Denison Mines Price Performance

Denison Mines stock opened at C$2.50 on Thursday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.12 and a current ratio of 6.94. Denison Mines has a 52 week low of C$1.91 and a 52 week high of C$3.37. The stock has a market capitalization of C$2.23 billion, a P/E ratio of 41.67, a price-to-earnings-growth ratio of 1.42 and a beta of 1.89. The stock has a fifty day moving average of C$2.26 and a 200-day moving average of C$2.64.

Denison Mines (TSE:DML) (NYSE:DNN) last issued its earnings results on Thursday, August 8th. The company reported C($0.02) EPS for the quarter, hitting the consensus estimate of C($0.02). Denison Mines had a return on equity of 10.60% and a net margin of 1,412.07%. The firm had revenue of C$1.33 million during the quarter, compared to the consensus estimate of C$1.10 million. On average, sell-side analysts expect 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.