Denison Mines (TSE:DML) Price Target Raised to C$6.50 at TD Securities

Denison Mines (TSE:DML) (NYSE:DNN) had its price objective increased by TD Securities from C$6.00 to C$6.50 in a research note released on Thursday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Separately, National Bank Financial raised their price target on Denison Mines from C$4.85 to C$6.00 and gave the company an “outperform” rating in a research report on Friday, February 6th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Denison Mines has an average rating of “Buy” and a consensus target price of C$4.99.

Denison Mines Stock Performance

TSE DML opened at C$5.47 on Thursday. The business has a 50 day moving average price of C$5.23 and a 200 day moving average price of C$4.22. The company has a market capitalization of C$4.91 billion, a P/E ratio of -24.86, a PEG ratio of 1.42 and a beta of 1.18. Denison Mines has a 1-year low of C$1.58 and a 1-year high of C$6.04. The company has a debt-to-equity ratio of 166.80, a current ratio of 10.75 and a quick ratio of 3.12.

Insider Activity

In related news, Director David Daniel Cates sold 360,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of C$5.82, for a total value of C$2,095,200.00. Following the sale, the director owned 1,760,000 shares of the company’s stock, valued at approximately C$10,243,200. This represents a 16.98% decrease in their position. 0.31% of the stock is owned by corporate insiders.

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. The company is also engaged in mine decommissioning and environmental services through its Closed Mines group, which manages its Elliot Lake reclamation projects and provides third-party post-closure mine care and maintenance services.