Denison Mines (TSE:DML) Upgraded to Strong-Buy at Cibc World Mkts

Cibc World Mkts upgraded shares of Denison Mines (TSE:DML) (NYSE:DNN) to a strong-buy rating in a research report sent to investors on Thursday, Zacks.com reports.

A number of other brokerages have also weighed in on DML. National Bankshares set a C$3.50 price objective on shares of Denison Mines and gave the stock an outperform rating in a report on Wednesday, September 4th. Scotiabank set a C$3.75 target price on Denison Mines and gave the company an outperform rating in a report on Tuesday, July 2nd. National Bank Financial raised Denison Mines to a strong-buy rating in a research note on Tuesday, September 3rd. Roth Capital upgraded Denison Mines to a strong-buy rating in a research report on Thursday, June 27th. Finally, CIBC set a C$3.25 target price on shares of Denison Mines and gave the stock an outperform rating in a research note on Thursday. Five analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, Denison Mines has an average rating of Buy and an average target price of C$3.38.

Denison Mines Stock Performance

TSE:DML opened at C$2.50 on Thursday. Denison Mines has a twelve month low of C$1.91 and a twelve month high of C$3.37. The company has a quick ratio of 3.12, a current ratio of 6.94 and a debt-to-equity ratio of 0.07. The stock has a market cap of C$2.23 billion, a P/E ratio of 41.67, a PEG ratio of 1.42 and a beta of 1.89. The business’s 50-day moving average price is C$2.26 and its two-hundred day moving average price is C$2.64.

Denison Mines (TSE:DML) (NYSE:DNN) last issued its quarterly earnings results on Thursday, August 8th. The company reported C($0.02) EPS for the quarter, hitting analysts’ consensus estimates of C($0.02). Denison Mines had a net margin of 1,412.07% and a return on equity of 10.60%. The firm had revenue of C$1.33 million for the quarter, compared to analyst estimates of C$1.10 million. As a group, equities analysts predict that Denison Mines will post -0.01 EPS for the current fiscal 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.