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

Shares of Denison Mines Corp. (TSE:DML) (NYSE:DNN) have been given an average recommendation of “Buy” by the eight ratings firms that are currently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$3.57.

Several equities analysts have recently issued reports on the company. National Bank Financial raised Denison Mines to a “strong-buy” rating in a research note on Tuesday, September 3rd. National Bankshares increased their target price on Denison Mines from C$3.50 to C$4.15 and gave the company an “outperform” rating in a research note on Thursday, October 24th. CIBC set a C$3.25 target price on Denison Mines and gave the company an “outperform” rating in a research note on Thursday, September 26th. Cibc World Mkts raised Denison Mines to a “strong-buy” rating in a research note on Thursday, September 26th. Finally, BMO Capital Markets raised 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 note on Wednesday, September 25th.

Insider Buying and Selling at Denison Mines

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

Denison Mines Price Performance

Denison Mines stock opened at C$2.93 on Monday. 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 market cap of C$2.61 billion, a P/E ratio of 48.83, a P/E/G ratio of 1.42 and a beta of 1.89. The business’s fifty day moving average is C$2.66 and its two-hundred day moving average is C$2.67. Denison Mines has a 52 week low of C$1.91 and a 52 week high of C$3.37.

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.