Denison Mines Corp. (TSE:DML) Receives C$3.46 Average Target Price from Analysts

Denison Mines Corp. (TSE:DML) (NYSE:DNN) has received a consensus rating of “Buy” from the eight research firms that are covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a buy recommendation and three have given a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is C$3.57.

Several equities analysts recently commented on the company. BMO Capital Markets upgraded Denison Mines from a “market perform” rating to an “outperform” rating and set a C$3.00 target price for the company in a research report on Wednesday, September 25th. CIBC set a C$3.25 price objective on Denison Mines and gave the company an “outperform” rating in a report on Thursday, September 26th. National Bank Financial raised shares of Denison Mines to a “strong-buy” rating in a report on Tuesday, September 3rd. Cibc World Mkts raised shares of Denison Mines to a “strong-buy” rating in a report on Thursday, September 26th. Finally, Scotiabank set a C$3.75 price objective on shares of Denison Mines and gave the stock an “outperform” rating in a research note on Tuesday, July 2nd.

Denison Mines Stock Performance

TSE:DML opened at C$3.04 on Thursday. The firm’s 50-day moving average is C$2.43 and its 200-day moving average is C$2.66. The company has a market cap of C$2.71 billion, a price-to-earnings ratio of 50.67, a PEG ratio of 1.42 and a beta of 1.89. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.12 and a current ratio of 6.94. Denison Mines has a 52-week low of C$1.91 and a 52-week high of C$3.37.

Denison Mines (TSE:DML) (NYSE:DNN) last announced its quarterly earnings data on Thursday, August 8th. The company reported C($0.02) earnings per share for the quarter, hitting the consensus estimate of C($0.02). The company had revenue of C$1.33 million for the quarter, compared to analyst estimates of C$1.10 million. Denison Mines had a return on equity of 10.60% and a net margin of 1,412.07%. Equities research analysts anticipate that Denison Mines will post -0.01 earnings per share for the current year.

About Denison Mines

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.