Denison Mines (TSE:DML) Upgraded to Outperform by BMO Capital Markets

BMO Capital Markets upgraded shares of Denison Mines (TSE:DML) (NYSE:DNN) from a market perform rating to an outperform rating in a research note published on Wednesday, MarketBeat.com reports. The brokerage currently has C$3.00 price target on the stock.

Other equities analysts have also recently issued research reports about the stock. National Bankshares set a C$3.50 target price on shares of Denison Mines and gave the company an outperform rating in a research note on Wednesday, September 4th. Roth Capital upgraded shares of Denison Mines to a strong-buy rating in a report on Thursday, June 27th. Scotiabank set a C$3.75 target price on shares of Denison Mines and gave the stock an outperform rating in a research report on Tuesday, July 2nd. Finally, National Bank Financial raised Denison Mines to a strong-buy rating in a report on Tuesday, September 3rd. Five analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, Denison Mines presently has a consensus rating of Buy and a consensus target price of C$3.38.

Denison Mines Trading Down 0.8 %

TSE:DML opened at C$2.50 on Wednesday. The stock has a market cap of C$2.23 billion, a price-to-earnings ratio of 41.67, a PEG ratio of 1.42 and a beta of 1.89. The company has a quick ratio of 3.12, a current ratio of 6.94 and a debt-to-equity ratio of 0.07. The company’s 50 day moving average price is C$2.26 and its 200-day moving average price is C$2.64. Denison Mines has a 52 week low of C$1.91 and a 52 week high of C$3.37.

Denison Mines (TSE:DML) (NYSE:DNN) last issued its earnings results on Thursday, August 8th. The company reported C($0.02) EPS for the quarter, meeting the consensus estimate of C($0.02). Denison Mines had a return on equity of 10.60% and a net margin of 1,412.07%. The business had revenue of C$1.33 million for the quarter, compared to the consensus estimate of C$1.10 million. On average, equities research analysts forecast that Denison Mines will post -0.01 earnings per share for the current fiscal year.

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.