Denison Mines Corp. (TSE:DML) Given Average Rating of “Buy” by Analysts

Denison Mines Corp. (TSE:DML) (NYSE:DNN) has been given a consensus rating of “Buy” by the eight analysts that are covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a buy recommendation and three have given a strong buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is C$3.76.

Several analysts have commented on the company. Cibc World Mkts upgraded Denison Mines to a “strong-buy” rating in a research note on Thursday, September 26th. National Bank Financial upgraded shares of Denison Mines to a “strong-buy” rating in a research note on Tuesday, September 3rd. Scotiabank upped their price objective on Denison Mines from C$4.00 to C$4.50 in a research note on Monday, November 25th. BMO Capital Markets raised shares of Denison Mines from a “market perform” rating to an “outperform” rating and set a C$3.00 target price for the company in a report on Wednesday, September 25th. Finally, Raymond James increased their price objective on shares of Denison Mines from C$3.50 to C$3.90 in a research note on Friday, November 22nd.

Insider Transactions at Denison Mines

In other Denison Mines news, Senior Officer Andrew Alan Yackulic sold 45,500 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of C$2.84, for a total transaction of C$129,124.45. Insiders own 0.31% of the company’s stock.

Denison Mines Stock Down 2.5 %

TSE:DML opened at C$3.08 on Friday. The firm’s 50-day moving average price is C$3.00 and its 200-day moving average price is C$2.71. The company has a debt-to-equity ratio of 0.07, a current ratio of 6.94 and a quick ratio of 3.12. The company has a market capitalization of C$2.75 billion, a PE ratio of 51.33, a P/E/G ratio of 1.42 and a beta of 1.89. Denison Mines has a 1-year low of C$1.91 and a 1-year high of C$3.45.

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.