Cibc World Mkts Upgrades Denison Mines (TSE:DML) to Strong-Buy

Denison Mines (TSE:DML) (NYSE:DNN) was upgraded by equities researchers at Cibc World Mkts to a “strong-buy” rating in a research report issued on Thursday, Zacks.com reports.

A number of other research firms also recently weighed in on DML. Roth Capital upgraded Denison Mines to a “strong-buy” rating in a report on Thursday, June 27th. CIBC set a C$3.25 price objective on Denison Mines and gave the stock an “outperform” rating in a research report on Thursday. National Bank Financial raised shares of Denison Mines to a “strong-buy” rating in a research report on Tuesday, September 3rd. BMO Capital Markets upgraded shares of Denison Mines from a “market perform” rating to an “outperform” rating and set a C$3.00 price target on the stock in a research report on Wednesday. Finally, National Bankshares set a C$3.50 price objective on shares of Denison Mines and gave the company an “outperform” rating in a research note on Wednesday, September 4th. Five analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$3.38.

Denison Mines Price Performance

Shares of DML opened at C$2.50 on Thursday. The business has a 50-day simple moving average of C$2.26 and a two-hundred day simple moving average of C$2.64. Denison Mines has a 12-month low of C$1.91 and a 12-month high of C$3.37. The stock has a market cap of C$2.23 billion, a PE ratio of 41.67, a PEG ratio of 1.42 and a beta of 1.89. The company has a quick ratio of 3.12, a current ratio of 6.94 and a debt-to-equity ratio of 0.07.

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