National Bankshares Issues Positive Forecast for Denison Mines (TSE:DML) Stock Price

Denison Mines (TSE:DML) (NYSE:DNN) had its target price lifted by investment analysts at National Bankshares from C$4.85 to C$6.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ target price would suggest a potential upside of 20.48% from the stock’s current price.

Denison Mines Trading Up 5.1%

Shares of DML stock traded up C$0.24 on Friday, hitting C$4.98. 2,816,349 shares of the stock were exchanged, compared to its average volume of 4,480,819. The firm’s 50 day moving average is C$4.35 and its two-hundred day moving average is C$3.78. Denison Mines has a one year low of C$1.58 and a one year high of C$5.97. The firm has a market capitalization of C$4.47 billion, a PE ratio of -22.64, a P/E/G ratio of 1.42 and a beta of 1.83.

Denison Mines (TSE:DML) (NYSE:DNN) last released its quarterly earnings data on Friday, November 7th. The company reported C($0.15) EPS for the quarter. The business had revenue of C$1.05 million for the quarter. Denison Mines had a net margin of 1,029.20% and a negative return on equity of 4.41%. On average, sell-side analysts expect that Denison Mines will post -0.01 earnings per share for the current year.

Insider Activity

In other news, Director David Daniel Cates sold 360,000 shares of the firm’s stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of C$5.82, for a total value of C$2,095,200.00. Following the completion of the transaction, the director directly owned 1,760,000 shares of the company’s stock, valued at C$10,243,200. This trade represents a 16.98% decrease in their ownership of the stock. 0.31% of the stock is currently owned by corporate insiders.

About Denison Mines

Denison Mines Corp is a uranium exploration and development company with interests focused in the Athabasca Basin region of northern Saskatchewan, Canada. The company has an effective 95% interest in its flagship Wheeler River Uranium Project, which is the largest undeveloped uranium project in the infrastructure rich eastern portion of the Athabasca Basin region of northern Saskatchewan. The company is also engaged in mine decommissioning and environmental services through its Closed Mines group, which manages its Elliot Lake reclamation projects and provides third-party post-closure mine care and maintenance services.