CIBC Analysts Give Denison Mines (TSE:DML) a C$3.25 Price Target

CIBC set a C$3.25 target price on Denison Mines (TSE:DML) (NYSE:DNN) in a report released on Thursday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

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

Denison Mines Stock Performance

TSE DML opened at C$2.50 on Thursday. The stock has a market cap of C$2.23 billion, a PE ratio of 41.67, 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 quick ratio of 3.12 and a current ratio of 6.94. The firm has a 50-day moving average of C$2.26 and a 200-day moving average of C$2.64. Denison Mines has a 52-week low of C$1.91 and a 52-week high of C$3.37.

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, hitting analysts’ consensus estimates of C($0.02). Denison Mines had a return on equity of 10.60% and a net margin of 1,412.07%. The company had revenue of C$1.33 million during the quarter, compared to analysts’ expectations of C$1.10 million. On average, sell-side analysts anticipate that Denison Mines will post -0.01 EPS for the current 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.