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

Shares of Denison Mines Corp. (TSE:DML) (NYSE:DNN) have been assigned an average recommendation of “Buy” from the eight research firms that are presently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$3.76.

DML has been the subject of a number of analyst reports. Raymond James upped their price target on Denison Mines from C$3.50 to C$3.90 in a report on Friday, November 22nd. Scotiabank increased their target price on Denison Mines from C$4.00 to C$4.50 in a research report on Monday, November 25th. Finally, National Bankshares boosted their price target on shares of Denison Mines from C$3.50 to C$4.15 and gave the stock an “outperform” rating in a report on Thursday, October 24th.

Insider Buying and Selling at Denison Mines

In other Denison Mines news, Senior Officer Andrew Alan Yackulic sold 45,500 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of C$2.84, for a total value of C$129,124.45. 0.31% of the stock is currently owned by insiders.

Denison Mines Stock Performance

DML opened at C$2.58 on Friday. The stock has a market cap of C$2.30 billion, a P/E ratio of 43.00, a P/E/G ratio of 1.42 and a beta of 1.89. 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 firm has a fifty day moving average price of C$2.85 and a 200 day moving average price of C$2.67. Denison Mines has a 1 year low of C$1.91 and a 1 year high of C$3.45.

Denison Mines (TSE:DML) (NYSE:DNN) last issued its quarterly earnings data on Thursday, November 7th. The company reported C($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.02) by C($0.01). Denison Mines had a return on equity of 10.60% and a net margin of 1,412.07%. Equities research analysts anticipate that Denison Mines will post -0.01 earnings per share for the current year.

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.