Denison Mines Corp. (TSE:DML) Receives Consensus Rating of “Buy” from Brokerages

Denison Mines Corp. (TSE:DML) (NYSE:DNN) has been assigned an average rating of “Buy” from the eight brokerages that are currently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$3.72.

A number of brokerages have weighed in on DML. National Bankshares decreased 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 note on Monday, March 17th. Raymond James decreased their target price 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, March 17th. Finally, Scotiabank boosted their target price on shares of Denison Mines from C$4.00 to C$4.50 in a research note on Monday, November 25th.

Denison Mines Trading Down 0.9 %

Shares of DML opened at C$2.15 on Monday. The firm has a market cap of C$1.94 billion, a PE ratio of -71.56, a P/E/G ratio of 1.42 and a beta of 1.89. The firm has a fifty day simple moving average of C$2.39 and a two-hundred day simple moving average of C$2.65. Denison Mines has a 1-year low of C$1.85 and a 1-year high of C$3.45.

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.