Denison Mines (TSE:DML) Raised to Moderate Buy at Desjardins

Denison Mines (TSE:DML) (NYSE:DNN) was upgraded by equities research analysts at Desjardins to a “moderate buy” rating in a research report issued on Monday,Zacks.com reports.

Several other equities analysts have also recently commented on DML. National Bankshares set a C$3.75 target price on shares of Denison Mines and gave the company an “outperform” rating in a research report on Tuesday, June 24th. TD Securities boosted their target price on shares of Denison Mines from C$3.50 to C$3.75 and gave the company a “buy” rating in a research report on Monday, August 11th. Two analysts have rated the stock with a Strong Buy rating and six have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$3.53.

Denison Mines Stock Performance

Shares of DML stock opened at C$2.70 on Monday. The company has a market capitalization of C$2.44 billion, a price-to-earnings ratio of -89.87, a PEG ratio of 1.42 and a beta of 1.89. The company has a 50-day simple moving average of C$2.67 and a 200 day simple moving average of C$2.29. Denison Mines has a 52 week low of C$1.58 and a 52 week high of C$3.45.

About Denison Mines

Denison Mines Corp is a uranium exploration and development company with interests focused in the Athabasca Basin region of northern Saskatchewan, Canada. The company has an effective 95% interest in its flagship Wheeler River Uranium Project, which is the largest undeveloped uranium project in the infrastructure rich eastern portion of the Athabasca Basin region of northern Saskatchewan.