Denison Mines (TSE:DML) Price Target Lowered to C$3.75 at Scotiabank

Denison Mines (TSE:DML) (NYSE:DNN) had its target price reduced by investment analysts at Scotiabank from C$4.75 to C$3.75 in a report issued on Tuesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Scotiabank’s target price would indicate a potential upside of 80.29% from the company’s current price.

A number of other research firms have also recently commented on DML. National Bankshares reduced their target price on shares of Denison Mines from C$4.30 to C$4.15 and set an “outperform” rating on the stock in a research report on Monday, March 17th. Raymond James decreased 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 research report on Monday, March 17th. Five analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of C$3.57.

Denison Mines Stock Performance

Shares of TSE:DML traded down C$0.09 during mid-day trading on Tuesday, hitting C$2.08. 1,320,485 shares of the company traded hands, compared to its average volume of 2,209,261. The firm has a market cap of C$1.88 billion, a P/E ratio of -69.23, a PEG ratio of 1.42 and a beta of 1.89. Denison Mines has a 52-week low of C$1.85 and a 52-week high of C$3.45. The firm’s 50 day simple moving average is C$2.37 and its 200 day simple moving average is C$2.65.

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.