Denison Mines (TSE:DML) Given New C$4.50 Price Target at Scotiabank

Denison Mines (TSE:DML) (NYSE:DNN) had its price objective lifted by Scotiabank from C$4.00 to C$4.50 in a research report report published on Monday morning,BayStreet.CA reports.

A number of other research firms also recently issued reports on DML. 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 for the company in a research report on Wednesday, September 25th. National Bankshares upped their price target on Denison Mines from C$3.50 to C$4.15 and gave the stock an “outperform” rating in a report on Thursday, October 24th. CIBC set a C$3.25 price target on shares of Denison Mines and gave the stock an “outperform” rating in a research note on Thursday, September 26th. National Bank Financial raised shares of Denison Mines to a “strong-buy” rating in a research report on Tuesday, September 3rd. Finally, Raymond James increased their price target on Denison Mines from C$3.50 to C$3.90 in a report on Friday, November 22nd. Five investment analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$3.76.

Denison Mines Stock Performance

Shares of TSE:DML opened at C$3.24 on Monday. The business has a 50-day moving average of C$2.87 and a two-hundred day moving average of C$2.70. The firm has a market capitalization of C$2.89 billion, a PE ratio of 54.00, 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 current ratio of 6.94 and a quick ratio of 3.12. Denison Mines has a 12 month low of C$1.91 and a 12 month high of C$3.40.

Insider Activity

In other news, Senior Officer Andrew Alan Yackulic sold 45,500 shares of Denison Mines stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of C$2.84, for a total value of C$129,124.45. Company insiders own 0.31% of the company’s stock.

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.