Denison Mines (TSE:DML) Price Target Raised to C$4.50

Denison Mines (TSE:DML) (NYSE:DNN) had its target price increased by analysts at Scotiabank from C$4.00 to C$4.50 in a research note issued on Monday,BayStreet.CA reports. Scotiabank’s price objective suggests a potential upside of 40.19% from the stock’s current price.

Other research analysts also recently issued reports about the company. BMO Capital Markets upgraded Denison Mines from a “market perform” rating to an “outperform” rating and set a C$3.00 target price on the stock in a research note on Wednesday, September 25th. National Bank Financial upgraded Denison Mines to a “strong-buy” rating in a research note on Tuesday, September 3rd. National Bankshares lifted their target price on Denison Mines from C$3.50 to C$4.15 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Cibc World Mkts upgraded Denison Mines to a “strong-buy” rating in a research note on Thursday, September 26th. Finally, Raymond James lifted their target price on Denison Mines from C$3.50 to C$3.90 in a research note on Friday, November 22nd. Five investment analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of C$3.76.

Denison Mines Trading Down 0.9 %

TSE:DML opened at C$3.21 on Monday. The stock’s 50 day moving average price is C$2.83 and its 200 day moving average price is C$2.69. Denison Mines has a 52-week low of C$1.91 and a 52-week high of C$3.40. The company has a market capitalization of C$2.86 billion, a PE ratio of 53.50, a P/E/G ratio of 1.42 and a beta of 1.89. The company has a quick ratio of 3.12, a current ratio of 6.94 and a debt-to-equity ratio of 0.07.

Insider Activity at Denison Mines

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

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.