Denison Mines (TSE:DML) Price Target Lowered to C$4.15 at National Bankshares

Denison Mines (TSE:DML) (NYSE:DNN) had its target price lowered by National Bankshares from C$4.30 to C$4.15 in a report released on Monday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ target price suggests a potential upside of 103.43% from the company’s previous close.

A number of other brokerages have also recently commented on DML. Scotiabank boosted their price target on Denison Mines from C$4.00 to C$4.50 in a research report on Monday, November 25th. Raymond James upped their target price on shares of Denison Mines from C$3.50 to C$3.90 in a research note on Friday, November 22nd. Five investment analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Denison Mines has a consensus rating of “Buy” and a consensus price target of C$3.72.

Denison Mines Stock Up 2.5 %

Shares of DML stock traded up C$0.05 during mid-day trading on Monday, reaching C$2.04. 972,120 shares of the company’s stock traded hands, compared to its average volume of 2,228,281. The company’s 50-day moving average price is C$2.46 and its 200-day moving average price is C$2.65. The company has a market cap of C$1.84 billion, a P/E ratio of -67.90, a P/E/G ratio of 1.42 and a beta of 1.89. Denison Mines has a 12 month low of C$1.85 and a 12 month high of C$3.45.

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.