National Bank Financial Increases Denison Mines (TSE:DML) Price Target to C$6.50

Denison Mines (TSE:DML) (NYSE:DNN) had its price objective increased by investment analysts at National Bank Financial from C$6.00 to C$6.50 in a note issued to investors on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price objective points to a potential upside of 22.64% from the company’s previous close.

Separately, TD Securities boosted their price objective on Denison Mines from C$6.00 to C$6.50 and gave the company a “buy” rating in a research note on Thursday, March 12th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$6.50.

Denison Mines Stock Down 1.7%

Shares of TSE:DML opened at C$5.30 on Friday. The company has a market capitalization of C$4.79 billion, a price-to-earnings ratio of -22.08, a P/E/G ratio of 1.42 and a beta of 1.27. The company has a debt-to-equity ratio of 166.80, a current ratio of 10.75 and a quick ratio of 3.12. The business’s 50-day moving average is C$5.21 and its 200-day moving average is C$4.51. Denison Mines has a 1 year low of C$1.73 and a 1 year high of C$6.04.

Insider Buying and Selling

In other Denison Mines news, Director David Daniel Cates sold 360,000 shares of the business’s stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of C$5.82, for a total transaction of C$2,095,200.00. Following the completion of the sale, the director owned 1,760,000 shares in the company, valued at approximately C$10,243,200. The trade was a 16.98% decrease in their position. Company insiders own 0.31% of the company’s stock.

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.