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

Denison Mines Corp. (TSE:DML) (NYSE:DNN) has received an average recommendation of “Buy” from the seven brokerages that are currently covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$3.53.

DML has been the topic of a number of recent research reports. Desjardins raised shares of Denison Mines to a “moderate buy” rating in a research note on Monday, August 18th. National Bankshares set a C$3.75 price target on shares of Denison Mines and gave the company an “outperform” rating in a research note on Tuesday, June 24th. Finally, TD Securities increased 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 note on Monday, August 11th.

Denison Mines Stock Up 2.7%

Denison Mines stock opened at C$3.40 on Monday. The company has a market cap of C$3.05 billion, a price-to-earnings ratio of -37.78, a PEG ratio of 1.42 and a beta of 1.66. The firm’s fifty day moving average is C$2.88 and its 200 day moving average is C$2.36. Denison Mines has a 52-week low of C$1.58 and a 52-week high of C$3.45.

Denison Mines Company Profile

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.