Denison Mines (TSE:DML) PT Raised to C$4.15

Denison Mines (TSE:DML) (NYSE:DNN) had its price target raised by analysts at National Bankshares from C$3.50 to C$4.15 in a research note issued to investors on Thursday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ target price indicates a potential upside of 36.51% from the company’s current price.

A number of other analysts have also issued reports on the stock. Scotiabank set a C$3.75 target price on shares of Denison Mines and gave the company an “outperform” rating in a research note on Tuesday, July 2nd. National Bank Financial raised shares of Denison Mines to a “strong-buy” rating in a research report on Tuesday, September 3rd. CIBC set a C$3.25 target price on shares of Denison Mines and gave the stock an “outperform” rating in a research report on Thursday, September 26th. BMO Capital Markets raised shares of Denison Mines from a “market perform” rating to an “outperform” rating and set a C$3.00 price target for the company in a research note on Wednesday, September 25th. Finally, Cibc World Mkts raised Denison Mines to a “strong-buy” rating in a research note on Thursday, September 26th. Five analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. According to MarketBeat, Denison Mines presently has an average rating of “Buy” and a consensus target price of C$3.57.

Denison Mines Stock Up 0.3 %

Shares of TSE DML opened at C$3.04 on Thursday. The company has a market cap of C$2.71 billion, a P/E ratio of 50.67, a PEG ratio of 1.42 and a beta of 1.89. The firm has a 50-day simple moving average of C$2.43 and a two-hundred day simple moving average of C$2.66. Denison Mines has a 1 year low of C$1.91 and a 1 year high of C$3.37. The company has a debt-to-equity ratio of 0.07, a current ratio of 6.94 and a quick ratio of 3.12.

Denison Mines (TSE:DML) (NYSE:DNN) last issued its quarterly earnings results on Thursday, August 8th. The company reported C($0.02) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C($0.02). Denison Mines had a return on equity of 10.60% and a net margin of 1,412.07%. The firm had revenue of C$1.33 million during the quarter, compared to analyst estimates of C$1.10 million. Research analysts anticipate that Denison Mines 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.