Denison Mines (TSE:DML) Given New C$3.50 Price Target at Raymond James

Denison Mines (TSE:DML) (NYSE:DNN) had its target price increased by Raymond James from C$3.00 to C$3.50 in a research note released on Tuesday, BayStreet.CA reports.

Separately, TD Securities boosted their price objective on Denison Mines from C$3.50 to C$3.75 and gave the stock a speculative buy rating in a research note on Monday, March 4th.

Denison Mines Price Performance

Shares of Denison Mines stock opened at C$2.72 on Tuesday. The company has a quick ratio of 3.12, a current ratio of 8.28 and a debt-to-equity ratio of 0.07. Denison Mines has a twelve month low of C$1.36 and a twelve month high of C$3.08. The business has a 50-day moving average price of C$2.64 and a 200 day moving average price of C$2.48. The firm has a market cap of C$2.43 billion, a PE ratio of 27.20, a P/E/G ratio of 1.42 and a beta of 1.90.

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 the consensus estimate 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 firm had revenue of C$1.09 million during the quarter. Sell-side analysts predict that Denison Mines will post -0.01 earnings per share 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.