Denison Mines Corp. (TSE:DML) Receives Consensus Recommendation of "Buy" from Analysts

Key Points

• Denison Mines Corp. has received a consensus recommendation of "Buy" from eight brokerages, with an average 12-month target price of C$3.53 for its stock.
• TD Securities recently raised their price target for Denison Mines to C$3.75, recommending a "buy" rating.
• The company's flagship project is the Wheeler River uranium project, located in the Athabasca Basin of northern Saskatchewan.

Shares of Denison Mines Corp. (TSE:DML - Get Free Report) NYSE: DNN have earned an average rating of "Buy" from the eight brokerages that are currently covering the firm, MarketBeat reports. Six 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 target price among brokers that have issued a report on the stock in the last year is C$3.53.

DML has been the subject of a number of research analyst reports. TD Securities upped their price target on Denison Mines from C$3.50 to C$3.75 and gave the stock a "buy" rating in a report on Monday. National Bankshares set a C$3.75 price target on Denison Mines and gave the stock an "outperform" rating in a report on Tuesday, June 24th.

Denison Mines Stock Performance

DML opened at C$2.78 on Thursday. The business has a 50 day moving average price of C$2.63 and a 200 day moving average price of C$2.29. Denison Mines has a twelve month low of C$1.58 and a twelve month high of C$3.45. The firm has a market cap of C$2.51 billion, a P/E ratio of -92.53, 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.

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