Denison Mines Corp. (TSE:DML) Given Average Recommendation of “Buy” by Brokerages

Denison Mines Corp. (TSE:DML) (NYSE:DNN) has received a consensus recommendation of “Buy” from the eight research firms that are covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$3.63.

Several equities analysts have recently weighed in on the stock. CIBC set a C$3.25 price objective on shares of Denison Mines and gave the company an “outperform” rating in a research report on Thursday, September 26th. Cibc World Mkts upgraded shares of Denison Mines to a “strong-buy” rating in a report on Thursday, September 26th. National Bankshares upped their price target on Denison Mines from C$3.50 to C$4.15 and gave the company an “outperform” rating in a report on Thursday, October 24th. National Bank Financial raised Denison Mines to a “strong-buy” rating in a research note on Tuesday, September 3rd. Finally, Raymond James upped their target price on Denison Mines from C$3.50 to C$3.90 in a report on Friday.

Insider Transactions at Denison Mines

In other Denison Mines news, Senior Officer Andrew Alan Yackulic sold 45,500 shares of Denison Mines stock in a transaction on Monday, November 11th. The shares were sold at an average price of C$2.84, for a total transaction of C$129,124.45. 0.31% of the stock is currently owned by insiders.

Denison Mines Trading Down 0.6 %

Shares of Denison Mines stock opened at C$3.32 on Monday. The business has a fifty day simple moving average of C$2.78 and a 200-day simple moving average of C$2.69. Denison Mines has a fifty-two week low of C$1.91 and a fifty-two week high of C$3.37. The firm has a market cap of C$2.96 billion, a price-to-earnings ratio of 55.33, a price-to-earnings-growth 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.

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.