Denison Mines Corp. (TSE:DML) Receives C$3.53 Average Target Price from Analysts

Denison Mines Corp. (TSE:DML) (NYSE:DNN) has earned a consensus rating of “Buy” from the eight ratings firms that are currently covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$3.53.

Several brokerages recently commented on DML. TD Securities lifted their price target on shares of Denison Mines from C$3.50 to C$3.75 and gave the stock a “buy” rating in a research note on Monday, August 11th. National Bankshares set a C$3.75 price objective on shares of Denison Mines and gave the company an “outperform” rating in a research note on Tuesday, June 24th.

Denison Mines Price Performance

Shares of TSE:DML opened at C$2.81 on Thursday. The company’s fifty day moving average price is C$2.65 and its 200 day moving average price is C$2.29. Denison Mines has a 12 month low of C$1.58 and a 12 month high of C$3.45. The firm has a market capitalization of C$2.54 billion, a P/E ratio of -93.53, a P/E/G ratio of 1.42 and a beta of 1.89.

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.