Raymond James Increases Denison Mines (TSE:DML) Price Target to C$3.50

Denison Mines (TSE:DML) (NYSE:DNN) had its price objective raised by Raymond James from C$3.00 to C$3.50 in a report issued on Tuesday morning, BayStreet.CA reports.

Separately, TD Securities upped their price objective on Denison Mines from C$3.50 to C$3.75 and gave the stock a speculative buy rating in a research note on Monday, March 4th.

Denison Mines Price Performance

Shares of TSE DML opened at C$2.71 on Tuesday. Denison Mines has a twelve month low of C$1.37 and a twelve month high of C$3.08. The company has a current ratio of 8.28, a quick ratio of 3.12 and a debt-to-equity ratio of 0.07. The company has a market capitalization of C$2.42 billion, a price-to-earnings ratio of 27.10, a price-to-earnings-growth ratio of 1.42 and a beta of 1.90. The business has a 50 day simple moving average of C$2.64 and a 200-day simple moving average of C$2.48.

Denison Mines (TSE:DML) (NYSE:DNN) last issued its quarterly earnings data on Thursday, February 29th. The company reported C$0.04 EPS for the quarter, topping analysts’ consensus estimates of C($0.02) by C$0.06. The firm had revenue of C$1.09 million during the quarter. Denison Mines had a return on equity of 16.58% and a net margin of 4,871.97%. As a group, equities research analysts expect that Denison Mines will post -0.01 earnings per share for the current year.

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.