Analysts Set Denison Mines Corp. (TSE:DML) Target Price at C$3.49

Denison Mines Corp. (TSE:DML - Get Free Report) NYSE: DNN has received a consensus rating of "Buy" from the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$3.49.

Several brokerages have recently weighed in on DML. National Bankshares set a C$3.75 price target on shares of Denison Mines and gave the stock an "outperform" rating in a research report on Tuesday, June 24th. Desjardins raised shares of Denison Mines to a "moderate buy" rating in a report on Thursday, April 3rd. Finally, Scotiabank cut their price objective on shares of Denison Mines from C$4.75 to C$3.75 and set an "outperform" rating on the stock in a research note on Tuesday, March 25th.

Denison Mines Stock Performance

DML stock traded up C$0.01 during mid-day trading on Friday, reaching C$2.94. 1,962,713 shares of the stock traded hands, compared to its average volume of 2,446,657. Denison Mines has a one year low of C$1.58 and a one year high of C$3.45. The stock has a market capitalization of C$2.66 billion, a PE ratio of -97.86, a PEG ratio of 1.42 and a beta of 1.89. The business has a 50-day moving average price of C$2.35 and a two-hundred day moving average price of C$2.27.

About Denison Mines

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.