Denison Mines (TSE:DML) Given a C$3.75 Price Target at National Bankshares

Denison Mines (TSE:DML) (NYSE:DNN) has been given a C$3.75 price objective by National Bankshares in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ price target points to a potential upside of 54.32% from the stock’s previous close.

Several other equities analysts have also recently weighed in on the company. Raymond James Financial lowered their price target on Denison Mines from C$3.90 to C$3.70 and set an “outperform” rating on the stock in a report on Monday, March 17th. Scotiabank lowered their price target on Denison Mines from C$4.75 to C$3.75 and set an “outperform” rating on the stock in a report on Tuesday, March 25th. Finally, Desjardins raised Denison Mines to a “moderate buy” rating in a report on Thursday, April 3rd. Five investment analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$3.49.

Denison Mines Price Performance

TSE DML opened at C$2.43 on Tuesday. The business’s fifty day moving average price is C$2.16 and its 200-day moving average price is C$2.31. The stock has a market capitalization of C$2.20 billion, a price-to-earnings ratio of -80.88, a PEG ratio of 1.42 and a beta of 1.89. Denison Mines has a 1-year low of C$1.58 and a 1-year 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.