National Bankshares Cuts Denison Mines (TSE:DML) Price Target to C$3.75

Denison Mines (TSE:DML) (NYSE:DNN) had its price target decreased by National Bankshares from C$4.15 to C$3.75 in a research report sent to investors on Wednesday morning,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

Other analysts have also issued reports about the company. Scotiabank reduced their target price on Denison Mines from C$4.75 to C$3.75 and set an “outperform” rating on the stock in a report on Tuesday, March 25th. Raymond James reduced their price objective on shares of Denison Mines from C$3.90 to C$3.70 and set an “outperform” rating on the stock in a research note on Monday, March 17th. Five equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, Denison Mines currently has a consensus rating of “Buy” and a consensus target price of C$3.49.

Denison Mines Price Performance

Shares of TSE:DML opened at C$1.70 on Wednesday. The business’s 50 day simple moving average is C$2.21 and its 200 day simple moving average is C$2.63. Denison Mines has a 1 year low of C$1.60 and a 1 year high of C$3.45. The company has a market capitalization of C$1.54 billion, a P/E ratio of -56.58, a P/E/G ratio of 1.42 and a beta of 1.89.

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.