Denison Mines (TSE:DML) Price Target Raised to C$6.50

Denison Mines (TSE:DML) (NYSE:DNN) had its price objective upped by TD Securities from C$6.00 to C$6.50 in a research note published on Thursday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Separately, National Bank Financial lifted their price target on shares of Denison Mines from C$4.85 to C$6.00 and gave the company an “outperform” rating in a research report on Friday, February 6th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Denison Mines has an average rating of “Buy” and a consensus target price of C$4.99.

Denison Mines Stock Down 4.0%

Shares of TSE:DML opened at C$5.25 on Thursday. The stock has a 50-day simple moving average of C$5.25 and a 200-day simple moving average of C$4.25. The stock has a market capitalization of C$4.71 billion, a P/E ratio of -23.86, a PEG ratio of 1.42 and a beta of 1.18. Denison Mines has a 1 year low of C$1.58 and a 1 year high of C$6.04. The company has a debt-to-equity ratio of 166.80, a quick ratio of 3.12 and a current ratio of 10.75.

Insider Activity at Denison Mines

In other Denison Mines news, Director David Daniel Cates sold 360,000 shares of the business’s stock in a transaction dated Wednesday, January 28th. The stock was sold at an average price of C$5.82, for a total transaction of C$2,095,200.00. Following the transaction, the director owned 1,760,000 shares in the company, valued at C$10,243,200. The trade was a 16.98% decrease in their ownership of the stock. 0.31% of the stock is currently owned by corporate insiders.

About Denison Mines

Denison Mines Corp is a uranium exploration and development company with interests focused in the Athabasca Basin region of northern Saskatchewan, Canada. The company has an effective 95% interest in its flagship Wheeler River Uranium Project, which is the largest undeveloped uranium project in the infrastructure rich eastern portion of the Athabasca Basin region of northern Saskatchewan. The company is also engaged in mine decommissioning and environmental services through its Closed Mines group, which manages its Elliot Lake reclamation projects and provides third-party post-closure mine care and maintenance services.