Denison Mines (TSE:DML) Rating Increased to Moderate Buy at Desjardins

Key Points

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Denison Mines (TSE:DML - Get Free Report) NYSE: DNN was upgraded by Desjardins to a "moderate buy" rating in a research report issued to clients and investors on Monday,Zacks.com reports. Desjardins also issued estimates for Denison Mines' FY2025 earnings at ($0.17) EPS, FY2026 earnings at ($0.07) EPS and FY2027 earnings at ($0.07) EPS.

A number of other analysts have also recently issued reports on DML. TD Securities increased their price objective on Denison Mines from C$3.50 to C$3.75 and gave the stock a "buy" rating in a report on Monday, August 11th. National Bankshares set a C$3.75 price target on Denison Mines and gave the company an "outperform" rating in a research report on Tuesday, June 24th. Two research analysts have rated the stock with a Strong Buy rating and six have given a Buy rating to the company's stock. According to MarketBeat, Denison Mines presently has a consensus rating of "Buy" and a consensus price target of C$3.53.

Denison Mines Price Performance

Shares of TSE DML traded up C$0.17 during trading on Monday, reaching C$2.88. 5,168,582 shares of the stock traded hands, compared to its average volume of 2,599,708. Denison Mines has a 52-week low of C$1.58 and a 52-week high of C$3.45. The company has a 50-day moving average of C$2.70 and a 200-day moving average of C$2.30. The stock has a market capitalization of C$2.60 billion, a P/E ratio of -95.86, a price-to-earnings-growth ratio of 1.42 and a beta of 1.89.

About Denison Mines

Denison Mines Corp is a uranium exploration and development company with interests focused in the Athabasca Basin region of northern Saskatchewan, Canada. The company has an effective 95% interest in its flagship Wheeler River Uranium Project, which is the largest undeveloped uranium project in the infrastructure rich eastern portion of the Athabasca Basin region of northern Saskatchewan.