Denison Mines (TSE:DML) Price Target Increased to C$2.40 by Analysts at Raymond James

Denison Mines (TSE:DML) (NYSE:DNN) had its price target upped by Raymond James from C$2.10 to C$2.40 in a report published on Friday, Price Targets.com reports. The brokerage currently has an outperform rating on the stock.

A number of other analysts have also recently commented on DML. TD Securities upped their price objective on shares of Denison Mines to C$2.40 and gave the company a hold rating in a research report on Wednesday, September 15th. Cormark upped their price objective on shares of Denison Mines from C$1.50 to C$1.90 and gave the company an outperform rating in a research report on Thursday, June 17th. Canaccord Genuity increased their target price on Denison Mines from C$2.25 to C$2.50 and gave the stock a buy rating in a report on Wednesday, June 16th. Finally, Haywood Securities increased their target price on Denison Mines from C$2.20 to C$2.40 and gave the stock a buy rating in a report on Thursday, August 5th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of Buy and an average price target of C$2.32.

DML stock opened at C$1.81 on Friday. The company has a quick ratio of 4.87, a current ratio of 5.03 and a debt-to-equity ratio of 0.17. Denison Mines has a twelve month low of C$0.41 and a twelve month high of C$2.29. The business’s fifty day moving average is C$1.50 and its 200-day moving average is C$1.47. The company has a market cap of C$1.46 billion and a P/E ratio of -64.64.

In other Denison Mines news, Senior Officer Michael James Schoonderwoerd sold 14,550 shares of the firm’s stock in a transaction that occurred on Friday, September 3rd. The shares were sold at an average price of C$1.80, for a total transaction of C$26,190.00. Also, Director David Daniel Cates sold 640,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 7th. The stock was sold at an average price of C$1.82, for a total transaction of C$1,166,720.00. Following the transaction, the director now directly owns 511,750 shares in the company, valued at C$932,920.25. Insiders sold a total of 850,550 shares of company stock valued at $1,507,850 in the last 90 days.

Denison Mines Company Profile

Denison Mines Corp. operates as a uranium exploration and development company in Canada. Its flagship project is the 90% interest owned Wheeler River Uranium project 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.

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Analyst Recommendations for Denison Mines (TSE:DML)

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