Scotiabank Cuts Denison Mines (TSE:DML) Price Target to C$3.75

Denison Mines (TSE:DML) (NYSE:DNN) had its price target reduced by Scotiabank from C$4.75 to C$3.75 in a research note issued to investors on Tuesday,BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.

DML has been the subject of a number of other research reports. Raymond James reduced their target price on Denison Mines from C$3.90 to C$3.70 and set an “outperform” rating for the company in a research note on Monday, March 17th. National Bankshares cut their price objective on Denison Mines from C$4.30 to C$4.15 and set an “outperform” rating on the stock in a report on Monday, March 17th. Five research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$3.57.

Denison Mines Trading Down 2.0 %

Shares of Denison Mines stock opened at C$2.01 on Tuesday. The firm’s 50 day simple moving average is C$2.33 and its two-hundred day simple moving average is C$2.64. The firm has a market capitalization of C$1.82 billion, a price-to-earnings ratio of -66.90, a PEG 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.