Brokerages Set Denison Mines Corp. (TSE:DML) Price Target at C$3.53

Denison Mines Corp. (TSE:DML) (NYSE:DNN) has earned an average rating of “Buy” from the seven ratings firms that are currently covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$3.53.

A number of research analysts have recently commented on DML shares. TD Securities upped their price target on shares of Denison Mines from C$3.50 to C$3.75 and gave the stock a “buy” rating in a report on Monday, August 11th. Desjardins upgraded shares of Denison Mines to a “moderate buy” rating in a report on Monday, August 18th. Finally, National Bankshares set a C$3.75 price target on shares of Denison Mines and gave the stock an “outperform” rating in a report on Tuesday, June 24th.

Denison Mines Trading Up 2.7%

Shares of DML opened at C$3.40 on Monday. Denison Mines has a twelve month low of C$1.58 and a twelve month high of C$3.45. The company has a market cap of C$3.05 billion, a P/E ratio of -37.78, a P/E/G ratio of 1.42 and a beta of 1.66. The company’s fifty day simple moving average is C$2.88 and its 200-day simple moving average is C$2.36.

Denison Mines Company Profile

Denison Mines Corp is a uranium exploration and development company with interests focused in the Athabasca Basin region of northern Saskatchewan, Canada. The company has an effective 95% interest in its flagship Wheeler River Uranium Project, which is the largest undeveloped uranium project in the infrastructure rich eastern portion of the Athabasca Basin region of northern Saskatchewan.