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

Denison Mines (TSE:DML) (NYSE:DNN) had its price target reduced by Raymond James from C$3.90 to C$3.70 in a research report released on Monday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other research analysts also recently commented on DML. National Bankshares reduced their target price on Denison Mines from C$4.30 to C$4.15 and set an “outperform” rating on the stock in a report on Monday. Scotiabank boosted their target price on Denison Mines from C$4.00 to C$4.50 in a report on Monday, November 25th. Five equities research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of C$3.72.

Denison Mines Trading Up 4.0 %

TSE DML opened at C$2.07 on Monday. The stock’s 50 day moving average is C$2.44 and its two-hundred day moving average is C$2.65. The company 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. Denison Mines has a 1-year low of C$1.85 and a 1-year 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.