Denison Mines (TSE:DML) Stock Price Expected to Rise, National Bank Financial Analyst Says

Key Points

• Analyst upgrades: National Bank Financial and TD Securities raised their price targets on Denison Mines from C$6.00 to C$6.50 and maintain "outperform"/"buy" ratings, with the C$6.50 target implying roughly a 21% upside from the prior close.
• Current trading and fundamentals: Denison traded at C$5.37 with a market cap of C$4.85 billion, a negative P/E (-22.38), 50-/200-day moving averages of C$5.20 and C$4.49, and a 12-month range of C$1.73–C$6.04.
• Insider selling: Director David Daniel Cates sold 360,000 shares at an average price of C$5.82 (C$2.10M total), cutting his stake by 16.98%; overall insider ownership is about 0.31%.

Denison Mines (TSE:DML - Get Free Report) NYSE: DNN had its price objective boosted by National Bank Financial from C$6.00 to C$6.50 in a research note issued on Friday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. National Bank Financial's price target points to a potential upside of 21.04% from the company's previous close.

Separately, TD Securities raised their price target on shares of Denison Mines from C$6.00 to C$6.50 and gave the company a "buy" rating in a research note on Thursday, March 12th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, Denison Mines currently has an average rating of "Buy" and a consensus target price of C$6.50.

Denison Mines Stock Performance

Denison Mines stock traded down C$0.02 during mid-day trading on Friday, reaching C$5.37. The company's stock had a trading volume of 2,583,000 shares, compared to its average volume of 3,994,808. The firm has a market cap of C$4.85 billion, a price-to-earnings ratio of -22.38, a PEG ratio of 1.42 and a beta of 1.27. The business has a 50 day moving average price of C$5.20 and a 200-day moving average price of C$4.49. The company has a current ratio of 10.75, a quick ratio of 3.12 and a debt-to-equity ratio of 166.80. Denison Mines has a twelve month low of C$1.73 and a twelve month high of C$6.04.

Insider Buying and Selling at Denison Mines

In related news, Director David Daniel Cates sold 360,000 shares of Denison Mines stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of C$5.82, for a total transaction of C$2,095,200.00. Following the sale, the director directly owned 1,760,000 shares in the company, valued at C$10,243,200. The trade was a 16.98% decrease in their ownership of the stock. 0.31% of the stock is currently owned by corporate insiders.

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. The company is also engaged in mine decommissioning and environmental services through its Closed Mines group, which manages its Elliot Lake reclamation projects and provides third-party post-closure mine care and maintenance services.

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