Denison Mines Corp. (TSE:DML – Get Free Report) (NYSE:DNN) shares were down 0.5% on Friday . The company traded as low as C$2.18 and last traded at C$2.19. Approximately 72,442 shares traded hands during trading, a decline of 96% from the average daily volume of 1,859,944 shares. The stock had previously closed at C$2.20.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on DML shares. Roth Capital raised shares of Denison Mines to a “strong-buy” rating in a report on Thursday, June 27th. Scotiabank set a C$3.75 target price on shares of Denison Mines and gave the company an “outperform” rating in a research report on Tuesday, July 2nd. National Bankshares set a C$3.50 target price on shares of Denison Mines and gave the company an “outperform” rating in a research report on Wednesday, September 4th. Finally, National Bank Financial upgraded shares of Denison Mines to a “strong-buy” rating in a research report on Tuesday, September 3rd. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$3.28.
Get Our Latest Stock Analysis on DML
Denison Mines Stock Performance
Denison Mines (TSE:DML – Get Free Report) (NYSE:DNN) last announced its quarterly earnings data on Thursday, August 8th. The company reported C($0.02) earnings per share (EPS) for the quarter, meeting the consensus estimate of C($0.02). Denison Mines had a net margin of 1,412.07% and a return on equity of 10.60%. The company had revenue of C$1.33 million during the quarter, compared to analysts’ expectations of C$1.10 million. As a group, sell-side analysts expect that Denison Mines Corp. will post -0.01 earnings per share 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.
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