TD Securities Issues Positive Forecast for Denison Mines (TSE:DML) Stock Price

Key Points

• TD Securities raised its price target on Denison Mines to C$6.50 (from C$6.00) and kept a "buy" rating, implying roughly a 17.3% upside from the prior close.
• Other analysts also lifted targets—National Bank Financial to C$6.00—and the stock carries a consensus Buy rating from four analysts with an average target of C$4.99.
• Insider activity: director David Daniel Cates sold 360,000 shares at an average C$5.82 (reducing his position ~17%), while the stock traded up to C$5.54 (up 2.2%) and insiders own 0.31% of shares.

Denison Mines (TSE:DML - Get Free Report) NYSE: DNN had its price objective upped by research analysts at TD Securities from C$6.00 to C$6.50 in a research report issued on Thursday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. TD Securities' target price would suggest a potential upside of 17.33% from the stock's previous close.

Separately, National Bank Financial lifted their price objective on shares of Denison Mines from C$4.85 to C$6.00 and gave the company an "outperform" rating in a report on Friday, February 6th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of C$4.99.

Denison Mines Stock Up 2.2%

TSE DML traded up C$0.12 on Thursday, reaching C$5.54. The company had a trading volume of 2,629,588 shares, compared to its average volume of 4,089,059. The company has a debt-to-equity ratio of 73.18, a quick ratio of 3.12 and a current ratio of 11.97. The firm has a market capitalization of C$4.97 billion, a price-to-earnings ratio of -25.18, a price-to-earnings-growth ratio of 1.42 and a beta of 1.18. The company's fifty day moving average is C$5.19 and its 200-day moving average is C$4.21. Denison Mines has a 1-year low of C$1.58 and a 1-year high of C$6.04.

Insider Activity

In other news, Director David Daniel Cates sold 360,000 shares of the business's stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of C$5.82, for a total value of C$2,095,200.00. Following the transaction, the director owned 1,760,000 shares in the company, valued at approximately C$10,243,200. The trade was a 16.98% decrease in their position. 0.31% of the stock is owned by company 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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