Denison Mines (TSE:DML) Given New C$3.75 Price Target at TD Securities

Key Points

• Denison Mines has received an increased target price of C$3.75 from TD Securities, showing a potential upside of 28.87% from the current price of C$2.91.
• National Bankshares also set a price target of C$3.75 for Denison Mines, reflecting consistent confidence among analysts, with a majority rating the stock as a "buy."
• The stock has experienced a 0.7% decline recently, with a trading volume below its average despite having a market capitalization of C$2.63 billion.

Denison Mines (TSE:DML - Get Free Report) NYSE: DNN had its target price lifted by investment analysts at TD Securities from C$3.50 to C$3.75 in a note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. TD Securities' price target points to a potential upside of 35.87% from the company's current price.

Separately, National Bankshares set a C$3.75 price target on shares of Denison Mines and gave the stock an "outperform" rating in a research note on Tuesday, June 24th. Six equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of C$3.53.

Denison Mines Stock Performance

Shares of Denison Mines stock traded down C$0.21 during trading hours on Monday, hitting C$2.76. The company's stock had a trading volume of 3,555,256 shares, compared to its average volume of 2,546,015. The business has a 50 day moving average price of C$2.62 and a two-hundred day moving average price of C$2.29. Denison Mines has a 12-month low of C$1.58 and a 12-month high of C$3.45. The company has a market cap of C$2.49 billion, a PE ratio of -91.87, a PEG ratio of 1.42 and a beta of 1.89.

Denison Mines Company Profile

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.