Raymond James Cuts Denison Mines (TSE:DML) Price Target to C$3.70

Denison Mines (TSE:DML) (NYSE:DNN) had its price objective lowered by Raymond James from C$3.90 to C$3.70 in a research report released on Monday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other analysts also recently weighed in on the company. Scotiabank increased their target price on Denison Mines from C$4.00 to C$4.50 in a research note on Monday, November 25th. National Bankshares decreased their target price on Denison Mines from C$4.30 to C$4.15 and set an “outperform” rating for the company in a research note on Monday. Five research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$3.72.

Denison Mines Stock Up 1.9 %

Shares of TSE:DML opened at C$2.11 on Monday. The business has a 50 day moving average price of C$2.41 and a 200 day moving average price of C$2.64. Denison Mines has a twelve month low of C$1.85 and a twelve month high of C$3.45. The company has a market cap of C$1.91 billion, a price-to-earnings ratio of -70.23, a PEG ratio of 1.42 and a beta of 1.89.

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.