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

Shares of Denison Mines Corp. (TSE:DML) (NYSE:DNN) have earned an average recommendation of “Buy” from the eight ratings firms that are currently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is C$3.76.

A number of equities research analysts have recently weighed in on DML shares. BMO Capital Markets upgraded Denison Mines from a “market perform” rating to an “outperform” rating and set a C$3.00 target price for the company in a research report on Wednesday, September 25th. National Bankshares upped their target price on shares of Denison Mines from C$3.50 to C$4.15 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Cibc World Mkts upgraded shares of Denison Mines to a “strong-buy” rating in a research report on Thursday, September 26th. Scotiabank increased their price objective on shares of Denison Mines from C$4.00 to C$4.50 in a report on Monday, November 25th. Finally, National Bank Financial raised shares of Denison Mines to a “strong-buy” rating in a report on Tuesday, September 3rd.

Denison Mines Stock Performance

Shares of Denison Mines stock opened at C$2.79 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 6.94 and a quick ratio of 3.12. The firm has a 50 day simple moving average of C$3.03 and a 200 day simple moving average of C$2.70. Denison Mines has a fifty-two week low of C$1.91 and a fifty-two week high of C$3.45. The firm has a market cap of C$2.49 billion, a P/E ratio of 46.50, a P/E/G ratio of 1.42 and a beta of 1.89.

Insider Buying and Selling at Denison Mines

In other 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. Insiders own 0.31% of the company’s stock.

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.