Denison Mines Corp. (TSE:DML) Receives Average Recommendation of “Buy” from Analysts

Shares of Denison Mines Corp. (TSE:DML) (NYSE:DNN) have been given a consensus rating of “Buy” by the seven brokerages that are covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a buy recommendation and three have assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$3.76.

Several brokerages have weighed in on DML. Raymond James dropped their price objective on shares of Denison Mines from C$3.90 to C$3.70 and set an “outperform” rating for the company in a research note on Monday. National Bankshares dropped 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 research report on Monday. Finally, Scotiabank boosted their target price on shares of Denison Mines from C$4.00 to C$4.50 in a research report on Monday, November 25th.

Denison Mines Price Performance

Denison Mines stock traded up C$0.05 during midday trading on Monday, hitting C$2.04. The company’s stock had a trading volume of 986,220 shares, compared to its average volume of 2,228,562. Denison Mines has a 1-year low of C$1.85 and a 1-year high of C$3.45. The company has a 50-day moving average price of C$2.46 and a two-hundred day moving average price of C$2.65. The company has a market cap of C$1.84 billion, a price-to-earnings ratio of -67.90, a PEG ratio of 1.42 and a beta of 1.89.

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.