Denison Mines (TSE:DML) Rating Increased to Outperform at BMO Capital Markets

Denison Mines (TSE:DML) (NYSE:DNN) was upgraded by analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a report issued on Wednesday, Marketbeat reports. The firm presently has a C$3.00 price target on the stock. BMO Capital Markets’ target price indicates a potential upside of 19.05% from the stock’s previous close.

A number of other research analysts have also issued reports on DML. National Bank Financial upgraded shares of Denison Mines to a “strong-buy” rating in a report on Tuesday, September 3rd. Roth Capital raised shares of Denison Mines to a “strong-buy” rating in a research note on Thursday, June 27th. Scotiabank set a C$3.75 price target on shares of Denison Mines and gave the stock an “outperform” rating in a report on Tuesday, July 2nd. Finally, National Bankshares set a C$3.50 price objective on Denison Mines and gave the company an “outperform” rating in a report on Wednesday, September 4th. Five analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Denison Mines presently has a consensus rating of “Buy” and a consensus target price of C$3.38.

Denison Mines Stock Down 0.4 %

Shares of TSE:DML opened at C$2.52 on Wednesday. Denison Mines has a 52-week low of C$1.91 and a 52-week high of C$3.37. The company has a market capitalization of C$2.25 billion, a PE ratio of 42.00, a price-to-earnings-growth ratio of 1.42 and a beta of 1.89. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.12 and a current ratio of 6.94. The company has a fifty day moving average of C$2.26 and a 200-day moving average of C$2.65.

Denison Mines (TSE:DML) (NYSE:DNN) last issued its earnings results on Thursday, August 8th. The company reported C($0.02) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C($0.02). The business had revenue of C$1.33 million during the quarter, compared to analysts’ expectations of C$1.10 million. Denison Mines had a return on equity of 10.60% and a net margin of 1,412.07%. On average, equities analysts predict that Denison Mines will post -0.01 EPS for the current fiscal year.

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.