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

Shares of Denison Mines Corp. (TSE:DML - Get Free Report) NYSE: DNN have been assigned a consensus recommendation of "Buy" from the eight brokerages that are covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a buy recommendation and three have given a strong buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is C$3.49.

A number of research analysts have commented on the stock. National Bankshares decreased 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. Desjardins raised shares of Denison Mines to a "moderate buy" rating in a research report on Thursday, April 3rd. Scotiabank decreased their target price on shares of Denison Mines from C$4.75 to C$3.75 and set an "outperform" rating on the stock in a research report on Tuesday, March 25th. Finally, Raymond James decreased their target price on shares of 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.

Denison Mines Trading Down 2.6%

TSE DML traded down C$0.06 during trading hours on Friday, reaching C$2.25. The company had a trading volume of 2,778,966 shares, compared to its average volume of 2,226,708. The stock has a 50-day moving average of C$1.98 and a 200 day moving average of C$2.40. Denison Mines has a 1-year low of C$1.58 and a 1-year high of C$3.45. The stock has a market capitalization of C$2.03 billion, a P/E ratio of -74.89, a price-to-earnings-growth 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.