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

Denison Mines logo with Energy background

Key Points

  • Denison Mines has seen its price target raised by National Bankshares from C$3.90 to C$4.50, indicating a potential upside of 16.58% from its previous close.
  • As of now, the stock holds an average rating of "Buy" with a consensus target price of C$3.66, supported by multiple brokerage firms.
  • Currently, Denison Mines shares are trading at C$3.86, slightly down by 1.3%, while the company has a market capitalization of C$3.46 billion.
  • Interested in Denison Mines? Here are five stocks we like better.

Denison Mines (TSE:DML - Get Free Report) NYSE: DNN had its price objective hoisted by stock analysts at National Bankshares from C$3.90 to C$4.50 in a research note issued on Wednesday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. National Bankshares' price target points to a potential upside of 16.58% from the company's previous close.

A number of other research firms have also weighed in on DML. TD Securities increased their price objective on shares of Denison Mines from C$3.50 to C$3.75 and gave the stock a "buy" rating in a research note on Monday, August 11th. Desjardins upgraded shares of Denison Mines to a "moderate buy" rating in a research note on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of C$3.66.

Read Our Latest Stock Analysis on Denison Mines

Denison Mines Stock Down 1.3%

Shares of Denison Mines stock traded down C$0.05 on Wednesday, reaching C$3.86. 2,916,493 shares of the stock were exchanged, compared to its average volume of 2,770,400. Denison Mines has a twelve month low of C$1.58 and a twelve month high of C$4.08. The business has a 50 day moving average price of C$3.08 and a two-hundred day moving average price of C$2.46. The firm has a market capitalization of C$3.46 billion, a price-to-earnings ratio of -42.89, a PEG ratio of 1.42 and a beta of 1.66.

Denison Mines Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for Denison Mines (TSE:DML)

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