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

Denison Mines Corp. (TSE:DML - Get Free Report) NYSE: DNN has been given a consensus recommendation of "Buy" by the eight analysts that are currently covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a buy recommendation and three have given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$3.49.

DML has been the topic of a number of recent research reports. Raymond James dropped their price target on Denison Mines from C$3.90 to C$3.70 and set an "outperform" rating on the stock in a research report on Monday, March 17th. 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. Desjardins upgraded Denison Mines to a "moderate buy" rating in a research note on Thursday, April 3rd. Finally, National Bankshares dropped their target price on shares of Denison Mines from C$4.15 to C$3.75 and set an "outperform" rating on the stock in a research report on Wednesday, April 2nd.

Denison Mines Stock Performance

TSE DML traded up C$0.07 on Tuesday, hitting C$2.17. 1,506,882 shares of the stock were exchanged, compared to its average volume of 2,119,925. The firm has a market capitalization of C$1.96 billion, a P/E ratio of -72.23, a P/E/G ratio of 1.42 and a beta of 1.89. The stock has a fifty day moving average price of C$1.94 and a two-hundred day moving average price of C$2.50. Denison Mines has a 52-week low of C$1.58 and a 52-week high of C$3.45.

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.