Denison Mines (TSE:DML) Price Target Cut to C$4.15 by Analysts at National Bankshares

Denison Mines (TSE:DML) (NYSE:DNN) had its target price lowered by equities research analysts at National Bankshares from C$4.30 to C$4.15 in a research note issued on Monday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ price target points to a potential upside of 100.48% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. Raymond James raised their price target on shares of Denison Mines from C$3.50 to C$3.90 in a report on Friday, November 22nd. Scotiabank raised their price target on shares of Denison Mines from C$4.00 to C$4.50 in a report on Monday, November 25th. Five research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$3.72.

Denison Mines Stock Performance

TSE:DML opened at C$2.07 on Monday. The stock has a market capitalization of C$1.87 billion, a price-to-earnings ratio of -68.90, a PEG ratio of 1.42 and a beta of 1.89. The firm has a fifty day simple moving average of C$2.43 and a two-hundred day simple moving average of C$2.65. Denison Mines has a 12 month low of C$1.85 and a 12 month 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.