Denison Mines Corp. (TSE:DML) Receives Average Rating of "Buy" from Analysts

Denison Mines Corp. (TSE:DML - Get Free Report) NYSE: DNN has been given a consensus recommendation of "Buy" by the eight brokerages that are presently covering the stock, Marketbeat reports. Five research analysts have rated the stock with a buy rating and three have issued a strong buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$3.49.

A number of analysts have recently issued reports on the stock. Desjardins upgraded shares of Denison Mines to a "moderate buy" rating in a report on Thursday, April 3rd. Raymond James cut their target price on Denison Mines from C$3.90 to C$3.70 and set an "outperform" rating for the company in a research note on Monday, March 17th. National Bankshares decreased their price target on Denison Mines from C$4.15 to C$3.75 and set an "outperform" rating on the stock in a research note on Wednesday, April 2nd. Finally, Scotiabank lowered their price target on Denison Mines from C$4.75 to C$3.75 and set an "outperform" rating for the company in a report on Tuesday, March 25th.

Denison Mines Trading Down 2.0 %

Shares of DML stock opened at C$1.97 on Tuesday. Denison Mines has a twelve month low of C$1.58 and a twelve month high of C$3.45. The company's 50-day moving average price is C$1.94 and its 200-day moving average price is C$2.52. The stock has a market cap of C$1.78 billion, a price-to-earnings ratio of -65.57, a PEG ratio of 1.42 and a beta of 1.89.

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.

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