Denison Mines (TSE:DML) Stock Price Target Lowered at Royal Bank Of Canada

Key Points

• Royal Bank of Canada lowered its Denison Mines price target from C$6.00 to C$5.00, while maintaining an “outperform” rating; the new target implies 50.6% upside from the prior close.
• Analyst sentiment remains positive: five analysts rate the stock a Buy, and the consensus target price is C$5.74.
• Denison reported a quarterly loss of C$0.03 per share on revenue of C$1.05 million. Its shares traded at C$3.32 on Monday.

Denison Mines (TSE:DML - Get Free Report) NYSE: DNN had its price objective lowered by Royal Bank Of Canada from C$6.00 to C$5.00 in a report issued on Monday, BayStreet reports. The brokerage currently has an "outperform" rating on the stock. Royal Bank Of Canada's price objective indicates a potential upside of 50.60% from the company's previous close.

Several other research firms have also recently weighed in on DML. Jefferies Financial Group set a C$5.20 price target on Denison Mines and gave the stock a "buy" rating in a report on Thursday, September 3rd. National Bank Financial set a C$6.50 price objective on Denison Mines and gave the company an "outperform" rating in a report on Monday, September 21st. Finally, Ventum Financial set a C$5.50 price objective on Denison Mines and gave the stock a "buy" rating in a research report on Monday, August 24th. Five analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, Denison Mines presently has an average rating of "Buy" and a consensus target price of C$5.74.

Denison Mines Stock Performance

Shares of TSE:DML traded up C$0.23 during trading on Monday, reaching C$3.32. 3,195,337 shares of the stock were exchanged, compared to its average volume of 3,619,185. Denison Mines has a 12 month low of C$2.71 and a 12 month high of C$6.04. The firm has a market cap of C$3.01 billion, a PE ratio of -55.33, a PEG ratio of 1.42 and a beta of 2.14. The stock has a 50-day moving average price of C$3.70 and a 200-day moving average price of C$4.56. The company has a current ratio of 4.67, a quick ratio of 3.12 and a debt-to-equity ratio of 86.54.

Denison Mines (TSE:DML - Get Free Report) NYSE: DNN last posted its earnings results on Wednesday, November 4th. The company reported C($0.03) EPS for the quarter. The firm had revenue of C$1.05 million during the quarter. Denison Mines had a negative net margin of 1,437.10% and a negative return on equity of 18.23%. Research analysts expect that Denison Mines will post -0.01 EPS for the current fiscal year.

Insider Buying and Selling at Denison Mines

In other news, Director Laurie Sterritt sold 23,000 shares of the company's stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of C$5.22, for a total transaction of C$120,060.00. Company insiders own 0.31% of the company's stock.

About Denison Mines

Denison Mines Corp. is a Canadian uranium exploration company operating in northern Saskatchewan. The portfolio comprises roughly 237,000 ha across multiple underexplored 100% owned and Cosa-operated joint venture projects in the Athabasca Basin region, the majority of which reside within or adjacent to established uranium corridors. In January of 2025, the Company entered a transformative strategic collaboration with Denison Mines TSX: DML (NYSE American: DNN) that has secured access to several additional highly prospective eastern Athabasca uranium exploration projects.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.