Denison Mines (TSE:DML) Stock Price Expected to Rise, Raymond James Analyst Says

Denison Mines (TSE:DML) (NYSE:DNN) had its price objective boosted by research analysts at Raymond James from C$3.50 to C$3.90 in a research report issued on Friday,BayStreet.CA reports. Raymond James’ price target points to a potential upside of 17.47% from the company’s previous close.

Several other analysts have also recently weighed in on the stock. CIBC set a C$3.25 price target on shares of Denison Mines and gave the company an “outperform” rating in a report on Thursday, September 26th. Cibc World Mkts upgraded shares of Denison Mines to a “strong-buy” rating in a research report on Thursday, September 26th. National Bankshares raised their price objective on shares of Denison Mines from C$3.50 to C$4.15 and gave the stock an “outperform” rating in a report on Thursday, October 24th. BMO Capital Markets upgraded Denison Mines from a “market perform” rating to an “outperform” rating and set a C$3.00 target price on the stock in a report on Wednesday, September 25th. Finally, National Bank Financial raised Denison Mines to a “strong-buy” rating in a research report on Tuesday, September 3rd. Five research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$3.63.

Denison Mines Trading Down 0.6 %

TSE DML opened at C$3.32 on Friday. The stock has a market cap of C$2.96 billion, a P/E ratio of 55.33, a price-to-earnings-growth ratio of 1.42 and a beta of 1.89. Denison Mines has a fifty-two week low of C$1.91 and a fifty-two week high of C$3.37. The stock has a 50 day simple moving average of C$2.78 and a two-hundred day simple moving average of C$2.69. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.12 and a current ratio of 6.94.

Insider Buying and Selling

In related news, Senior Officer Andrew Alan Yackulic sold 45,500 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of C$2.84, for a total value of C$129,124.45. 0.31% of the stock is currently owned by company insiders.

Denison Mines Company Profile

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.