Denison Mines Corp. (TSE:DML) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Denison Mines Corp. (TSE:DML) (NYSE:DNN) have been given an average recommendation of “Buy” by the eight analysts that are covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$3.76.

A number of research firms recently commented on DML. CIBC set a C$3.25 price objective on Denison Mines and gave the company an “outperform” rating in a research report on Thursday, September 26th. Cibc World Mkts raised shares of Denison Mines to a “strong-buy” rating in a report on Thursday, September 26th. BMO Capital Markets raised shares of Denison Mines from a “market perform” rating to an “outperform” rating and set a C$3.00 target price for the company in a report on Wednesday, September 25th. Raymond James lifted their price target on shares of Denison Mines from C$3.50 to C$3.90 in a research note on Friday, November 22nd. Finally, Scotiabank upped their price objective on Denison Mines from C$4.00 to C$4.50 in a research note on Monday, November 25th.

Denison Mines Price Performance

Shares of DML opened at C$2.81 on Tuesday. The firm has a fifty day simple moving average of C$2.98 and a two-hundred day simple moving average of C$2.68. The firm has a market cap of C$2.51 billion, a PE ratio of 46.83, a P/E/G ratio of 1.42 and a beta of 1.89. The company has a current ratio of 6.94, a quick ratio of 3.12 and a debt-to-equity ratio of 0.07. Denison Mines has a 1-year low of C$1.91 and a 1-year high of C$3.45.

Insiders Place Their Bets

In related news, Senior Officer Andrew Alan Yackulic sold 45,500 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of C$2.84, for a total transaction of C$129,124.45. 0.31% of the stock is currently owned by company insiders.

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.