Denison Mines Corp. (TSE:DML) Given Average Rating of “Buy” by Brokerages

Denison Mines Corp. (TSE:DML) (NYSE:DNN) has been assigned a consensus recommendation of “Buy” from the eight ratings firms that are currently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$3.76.

Several research firms have recently weighed in on DML. Raymond James lifted their target price on Denison Mines from C$3.50 to C$3.90 in a research report on Friday, November 22nd. Scotiabank lifted their price objective on shares of Denison Mines from C$4.00 to C$4.50 in a report on Monday, November 25th. National Bankshares upped their target price on shares of Denison Mines from C$3.50 to C$4.15 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. BMO Capital Markets raised shares of Denison Mines from a “market perform” rating to an “outperform” rating and set a C$3.00 target price on the stock in a research report on Wednesday, September 25th. Finally, Cibc World Mkts upgraded Denison Mines to a “strong-buy” rating in a report on Thursday, September 26th.

Insider Activity at Denison Mines

In other Denison Mines news, Senior Officer Andrew Alan Yackulic sold 45,500 shares of Denison Mines stock in a transaction dated Monday, November 11th. The stock was sold at an average price of C$2.84, for a total value of C$129,124.45. 0.31% of the stock is currently owned by corporate insiders.

Denison Mines Stock Performance

Denison Mines stock opened at C$2.77 on Tuesday. Denison Mines has a 1-year low of C$1.91 and a 1-year high of C$3.45. The company’s 50-day moving average is C$2.98 and its 200 day moving average is C$2.68. The firm has a market capitalization of C$2.47 billion, a P/E ratio of 46.17, 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 current ratio of 6.94 and a quick ratio of 3.12.

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.