Denison Mines Corp. (TSE:DML) Receives C$3.49 Average Price Target from Brokerages

Shares of Denison Mines Corp. (TSE:DML) (NYSE:DNN) have been assigned a consensus rating of “Buy” from the seven brokerages that are currently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$3.49.

A number of analysts have issued reports on the stock. National Bankshares set a C$3.75 price objective on shares of Denison Mines and gave the company an “outperform” rating in a report on Tuesday, June 24th. Desjardins upgraded Denison Mines to a “moderate buy” rating in a research note on Thursday, April 3rd. Finally, Scotiabank lowered their price objective on Denison Mines from C$4.75 to C$3.75 and set an “outperform” rating on the stock in a research note on Tuesday, March 25th.

Denison Mines Trading Up 1.0%

DML opened at C$2.93 on Friday. The stock has a market capitalization of C$2.65 billion, a P/E ratio of -97.52, a P/E/G ratio of 1.42 and a beta of 1.89. Denison Mines has a 12 month low of C$1.58 and a 12 month high of C$3.45. The firm’s fifty day simple moving average is C$2.35 and its 200 day simple moving average is C$2.27.

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.