Denison Mines (TSE:DML) Raised to “Moderate Buy” at Desjardins

Denison Mines (TSE:DML) (NYSE:DNN) was upgraded by stock analysts at Desjardins to a “moderate buy” rating in a research note issued to investors on Thursday,Zacks.com reports.

A number of other research firms also recently issued reports on DML. National Bankshares decreased their target price on Denison Mines from C$4.15 to C$3.75 and set an “outperform” rating for the company in a research report on Wednesday. Scotiabank lowered their price target on shares of Denison Mines from C$4.75 to C$3.75 and set an “outperform” rating for the company in a report on Tuesday, March 25th. Finally, Raymond James lowered their price objective on shares of Denison Mines from C$3.90 to C$3.70 and set an “outperform” rating for the company in a report on Monday, March 17th. Five research analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$3.49.

Denison Mines Stock Down 4.0 %

TSE DML opened at C$1.70 on Thursday. The company has a market cap of C$1.54 billion, a price-to-earnings ratio of -56.58, a P/E/G ratio of 1.42 and a beta of 1.89. The business has a 50 day moving average price of C$2.21 and a 200-day moving average price of C$2.63. Denison Mines has a 52 week low of C$1.60 and a 52 week high of C$3.45.

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.