Denison Mines (TSE:DML) Price Target Raised to C$4.50 at Scotiabank

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

Several other equities analysts have also commented on DML. Raymond James boosted their price target on Denison Mines from C$3.50 to C$3.90 in a research report on Friday. National Bankshares boosted 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 report on Thursday, October 24th. National Bank Financial raised shares of Denison Mines to a “strong-buy” rating in a report on Tuesday, September 3rd. 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. Finally, BMO Capital Markets raised shares of Denison Mines from a “market perform” rating to an “outperform” rating and set a C$3.00 price objective for the company in a research report on Wednesday, September 25th. Five research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$3.76.

Denison Mines Stock Performance

TSE:DML opened at C$3.24 on Monday. Denison Mines has a twelve month low of C$1.91 and a twelve month high of C$3.40. The firm has a market capitalization of C$2.89 billion, a price-to-earnings ratio of 54.00, a PEG ratio of 1.42 and a beta of 1.89. The company has a current ratio of 6.94, a quick ratio of 3.12 and a debt-to-equity ratio of 0.07. The firm’s fifty day simple moving average is C$2.80 and its 200 day simple moving average is C$2.69.

Insider Transactions at Denison Mines

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

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.