Denison Mines Corp. (TSE:DML) Receives Average Recommendation of “Buy” from Brokerages

Shares of Denison Mines Corp. (TSE:DML) (NYSE:DNN) have been given an average rating of “Buy” by the eight analysts that are presently covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation and three have issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$3.76.

Several equities analysts recently issued reports on DML shares. National Bankshares boosted their price target on shares of Denison Mines from C$3.50 to C$4.15 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Scotiabank upped their target price on Denison Mines from C$4.00 to C$4.50 in a report on Monday, November 25th. Finally, Raymond James raised their target price on Denison Mines from C$3.50 to C$3.90 in a research note on Friday, November 22nd.

Insider Buying and Selling

In other Denison Mines news, Senior Officer Andrew Alan Yackulic sold 45,500 shares of the stock in a transaction that occurred on 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 corporate insiders.

Denison Mines Price Performance

Shares of Denison Mines stock opened at C$2.66 on Friday. The stock has a market capitalization of C$2.37 billion, a P/E ratio of 44.33, a price-to-earnings-growth ratio of 1.42 and a beta of 1.89. Denison Mines has a one year low of C$1.91 and a one year high of C$3.45. The company has a debt-to-equity ratio of 0.07, a current ratio of 6.94 and a quick ratio of 3.12. The business’s 50 day simple moving average is C$2.92 and its two-hundred day simple moving average is C$2.67.

Denison Mines (TSE:DML) (NYSE:DNN) last released its quarterly earnings data on Thursday, November 7th. The company reported C($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.02) by C($0.01). Denison Mines had a net margin of 1,412.07% and a return on equity of 10.60%. Analysts forecast that Denison Mines will post -0.01 EPS for the current year.

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.