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

Denison Mines (TSE:DML) (NYSE:DNN) had its price target trimmed by Scotiabank from C$4.75 to C$3.75 in a report released on Tuesday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Other equities analysts also recently issued research reports about the stock. National Bankshares reduced their price objective on shares of Denison Mines from C$4.30 to C$4.15 and set an “outperform” rating for the company in a research note on Monday, March 17th. Raymond James decreased their price objective on Denison Mines from C$3.90 to C$3.70 and set an “outperform” rating for the company in a research note on Monday, March 17th. Five investment analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of C$3.57.

Denison Mines Stock Performance

TSE:DML opened at C$2.01 on Tuesday. The firm has a 50-day simple moving average of C$2.33 and a 200-day simple moving average of C$2.64. Denison Mines has a one year low of C$1.85 and a one year high of C$3.45. The firm has a market cap of C$1.82 billion, a P/E ratio of -66.90, a P/E/G 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.