Denison Mines Corp. (TSE:DML) Given Consensus Recommendation of "Buy" by Analysts

Key Points

• Denison Mines Corp. has received a consensus rating of "Buy" from seven analysts, with an average 12-month price target of C$3.53.
• The stock recently opened at C$3.23 and has a market capitalization of C$2.90 billion, with a P/E ratio of -35.89.
• Denison Mines holds a 95% interest in the Wheeler River Uranium Project, the largest undeveloped uranium project in the Athabasca Basin region of Saskatchewan.

Shares of Denison Mines Corp. (TSE:DML - Get Free Report) NYSE: DNN have been assigned a consensus rating of "Buy" from the seven analysts that are currently covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$3.53.

Several analysts have recently weighed in on the company. National Bankshares set a C$3.75 target price on Denison Mines and gave the stock an "outperform" rating in a research report on Tuesday, June 24th. Desjardins upgraded shares of Denison Mines to a "moderate buy" rating in a report on Monday, August 18th. Finally, TD Securities upped their target price on shares of Denison Mines from C$3.50 to C$3.75 and gave the stock a "buy" rating in a research note on Monday, August 11th.

Denison Mines Stock Performance

Shares of DML stock opened at C$3.23 on Monday. The stock has a 50 day moving average price of C$2.83 and a 200 day moving average price of C$2.34. Denison Mines has a 52-week low of C$1.58 and a 52-week high of C$3.45. The firm has a market capitalization of C$2.90 billion, a P/E ratio of -35.89, a P/E/G ratio of 1.42 and a beta of 1.66.

Denison Mines Company Profile

Denison Mines Corp is a uranium exploration and development company with interests focused in the Athabasca Basin region of northern Saskatchewan, Canada. The company has an effective 95% interest in its flagship Wheeler River Uranium Project, which is the largest undeveloped uranium project in the infrastructure rich eastern portion of the Athabasca Basin region of northern Saskatchewan.

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