Scotiabank Has Lowered Expectations for Denison Mines (TSE:DML) Stock Price

Denison Mines (TSE:DML) (NYSE:DNN) had its price target dropped by Scotiabank from C$4.75 to C$3.75 in a report issued on Tuesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Scotiabank’s price target suggests a potential upside of 82.93% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. National Bankshares lowered their target price on shares of Denison Mines from C$4.30 to C$4.15 and set an “outperform” rating for the company in a report on Monday, March 17th. Raymond James dropped their target price on Denison Mines from C$3.90 to C$3.70 and set an “outperform” rating for the company in a research report on Monday, March 17th. Five investment analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, Denison Mines currently has a consensus rating of “Buy” and an average target price of C$3.57.

Denison Mines Stock Performance

TSE:DML opened at C$2.05 on Tuesday. The stock’s fifty day moving average is C$2.35 and its 200 day moving average is C$2.65. The firm has a market capitalization of C$1.85 billion, a PE ratio of -68.23, a PEG ratio of 1.42 and a beta of 1.89. Denison Mines has a fifty-two week low of C$1.85 and a fifty-two week high of C$3.45.

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.