Denison Mines (TSE:DML) Stock Price Expected to Rise, Raymond James Analyst Says

Denison Mines (TSE:DML) (NYSE:DNN) had its target price lifted by Raymond James from C$3.50 to C$3.90 in a research report released on Friday morning,BayStreet.CA reports.

DML has been the subject of a number of other research reports. CIBC set a C$3.25 target price on Denison Mines and gave the company an “outperform” rating in a report on Thursday, September 26th. BMO Capital Markets upgraded Denison Mines from a “market perform” rating to an “outperform” rating and set a C$3.00 target price for the company in a report on Wednesday, September 25th. National Bank Financial raised Denison Mines to a “strong-buy” rating in a research note on Tuesday, September 3rd. Cibc World Mkts raised Denison Mines to a “strong-buy” rating in a research note on Thursday, September 26th. Finally, National Bankshares upped their price target on Denison Mines from C$3.50 to C$4.15 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Five research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Denison Mines has an average rating of “Buy” and an average price target of C$3.63.

Denison Mines Stock Performance

Shares of DML stock opened at C$3.32 on Friday. 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 company has a market capitalization of C$2.96 billion, a P/E ratio of 55.33, a PEG ratio of 1.42 and a beta of 1.89. The stock has a 50 day moving average price of C$2.78 and a two-hundred day moving average price of C$2.69. Denison Mines has a fifty-two week low of C$1.91 and a fifty-two week high of C$3.37.

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 dated Monday, November 11th. The stock was 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.

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.