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

Shares of Denison Mines Corp. (TSE:DML) (NYSE:DNN) have been assigned an average recommendation of “Buy” from the eight ratings firms that are currently covering the firm, MarketBeat reports. Five analysts have rated the stock with a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$3.49.

Several analysts have commented on DML shares. National Bankshares set a C$3.75 price objective on shares of Denison Mines and gave the stock an “outperform” rating in a report on Tuesday. Scotiabank lowered their target price on Denison Mines from C$4.75 to C$3.75 and set an “outperform” rating for the company in a research note on Tuesday, March 25th. Desjardins upgraded Denison Mines to a “moderate buy” rating in a research report on Thursday, April 3rd. Finally, Raymond James Financial reduced their price target on Denison Mines from C$3.90 to C$3.70 and set an “outperform” rating on the stock in a research note on Monday, March 17th.

Denison Mines Trading Up 2.9%

Shares of TSE:DML opened at C$2.46 on Wednesday. Denison Mines has a 12 month low of C$1.58 and a 12 month high of C$3.45. The company has a 50-day moving average price of C$2.15 and a 200-day moving average price of C$2.31. The company has a market cap of C$2.22 billion, a price-to-earnings ratio of -81.88, a price-to-earnings-growth ratio of 1.42 and a beta of 1.89.

About Denison Mines

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.