Denison Mines (TSE:DML) Price Target Raised to C$3.50 at Raymond James

Denison Mines (TSE:DML) (NYSE:DNN) had its price target hoisted by investment analysts at Raymond James from C$3.00 to C$3.50 in a note issued to investors on Tuesday, BayStreet.CA reports. Raymond James’ price objective would suggest a potential upside of 29.63% from the stock’s current price.

Separately, TD Securities upped their price target on shares of Denison Mines from C$3.50 to C$3.75 and gave the company a “speculative buy” rating in a report on Monday, March 4th.

Denison Mines Stock Performance

DML opened at C$2.70 on Tuesday. Denison Mines has a 1-year low of C$1.37 and a 1-year high of C$3.08. The stock has a market cap of C$2.41 billion, a P/E ratio of 27.00, a P/E/G ratio of 1.42 and a beta of 1.90. The stock’s 50 day simple moving average is C$2.64 and its 200 day simple moving average is C$2.48. The company has a debt-to-equity ratio of 0.07, a current ratio of 8.28 and a quick ratio of 3.12.

Denison Mines (TSE:DML) (NYSE:DNN) last announced its quarterly earnings results on Thursday, February 29th. The company reported C$0.04 earnings per share for the quarter, beating analysts’ consensus estimates of C($0.02) by C$0.06. Denison Mines had a return on equity of 16.58% and a net margin of 4,871.97%. The business had revenue of C$1.09 million during the quarter. As a group, equities analysts anticipate that Denison Mines will post -0.01 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.