Shares of Denison Mines Corp. (NYSEAMERICAN:DNN – Get Free Report) (TSE:DML) have earned a consensus rating of “Strong Buy” from the seven ratings firms that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a buy recommendation and four have given a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $3.00.
DNN has been the topic of several recent analyst reports. CIBC began coverage on Denison Mines in a research note on Thursday, September 26th. They issued a “sector outperform” rating and a $3.25 price target on the stock. National Bank Financial upgraded Denison Mines to a “strong-buy” rating in a research report on Tuesday, September 3rd. Roth Capital raised shares of Denison Mines to a “strong-buy” rating in a report on Thursday, June 27th. BMO Capital Markets raised shares of Denison Mines from a “market perform” rating to an “outperform” rating in a report on Wednesday, September 25th. Finally, Scotiabank upgraded shares of Denison Mines to a “strong-buy” rating in a research report on Tuesday, July 2nd.
Read Our Latest Research Report on DNN
Institutional Investors Weigh In On Denison Mines
Denison Mines Trading Up 0.9 %
DNN stock opened at $2.19 on Friday. The firm has a 50-day moving average price of $1.99. The company has a market cap of $1.95 billion, a price-to-earnings ratio of 36.50 and a beta of 1.71. Denison Mines has a 12 month low of $1.40 and a 12 month high of $2.47.
Denison Mines (NYSEAMERICAN:DNN – Get Free Report) (TSE:DML) last posted its quarterly earnings results on Thursday, August 8th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.01). Denison Mines had a net margin of 950.42% and a return on equity of 9.45%. The business had revenue of $0.97 million for the quarter, compared to analyst estimates of $0.80 million. As a group, equities research analysts forecast that Denison Mines will post -0.06 EPS for the current fiscal year.
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.
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