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

Denison Mines Corp. (TSE:DML) (NYSE:DNN) has been assigned a consensus rating of “Buy” from the eight ratings firms that are presently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a buy rating and three have issued a strong buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$3.49.

DML has been the topic of several analyst reports. National Bankshares reduced their target price on shares of Denison Mines from C$4.15 to C$3.75 and set an “outperform” rating on the stock in a report on Wednesday, April 2nd. Desjardins upgraded Denison Mines to a “moderate buy” rating in a research note on Thursday, April 3rd. Raymond James lowered their price target on Denison Mines from C$3.90 to C$3.70 and set an “outperform” rating for the company in a report on Monday, March 17th. Finally, Scotiabank reduced their price objective on shares of Denison Mines from C$4.75 to C$3.75 and set an “outperform” rating for the company in a research report on Tuesday, March 25th.

Denison Mines Price Performance

DML stock opened at C$1.97 on Tuesday. The business’s 50-day moving average is C$1.94 and its two-hundred day moving average is C$2.52. The firm has a market capitalization of C$1.78 billion, a P/E ratio of -65.57, a P/E/G ratio of 1.42 and a beta of 1.89. Denison Mines has a 1 year low of C$1.58 and a 1 year high of C$3.45.

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.