Analysts Set Denison Mines Corp. (TSE:DML) Target Price at C$3.38

Denison Mines Corp. (TSE:DML) (NYSE:DNN) has been assigned an average recommendation of “Buy” from the eight brokerages that are covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a buy recommendation and three have issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$3.38.

Several brokerages recently weighed in on DML. CIBC set a C$3.25 price objective on Denison Mines and gave the company an “outperform” rating in a report on Thursday, September 26th. BMO Capital Markets upgraded 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, September 25th. National Bankshares set a C$3.50 price objective on shares of Denison Mines and gave the company an “outperform” rating in a research report on Wednesday, September 4th. Scotiabank set a C$3.75 target price on Denison Mines and gave the company an “outperform” rating in a research note on Tuesday, July 2nd. Finally, National Bank Financial upgraded Denison Mines to a “strong-buy” rating in a research note on Tuesday, September 3rd.

Denison Mines Stock Performance

Denison Mines stock opened at C$2.64 on Friday. Denison Mines has a 52 week low of C$1.91 and a 52 week high of C$3.37. The company has a current ratio of 6.94, a quick ratio of 3.12 and a debt-to-equity ratio of 0.07. The stock has a market cap of C$2.36 billion, a P/E ratio of 44.00, a price-to-earnings-growth ratio of 1.42 and a beta of 1.89. The stock has a 50 day moving average of C$2.25 and a 200-day moving average of C$2.65.

Denison Mines (TSE:DML) (NYSE:DNN) last announced its quarterly earnings data on Thursday, August 8th. The company reported C($0.02) earnings per share for the quarter, hitting the consensus estimate of C($0.02). The company had revenue of C$1.33 million during the quarter, compared to analyst estimates of C$1.10 million. Denison Mines had a net margin of 1,412.07% and a return on equity of 10.60%. On average, analysts expect 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.