Denison Mines (TSE:DML) Earns Outperform Rating from Raymond James

Denison Mines (TSE:DML) (NYSE:DNN)‘s stock had its “outperform” rating reiterated by stock analysts at Raymond James in a research report issued on Friday, Analyst Ratings Network reports. They currently have a C$2.60 price objective on the stock. Raymond James’ target price points to a potential upside of 54.76% from the company’s current price.

Separately, reaffirmed a “buy” rating on shares of Denison Mines in a report on Friday, September 24th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to, the company currently has an average rating of “Buy” and an average target price of C$2.43.

Denison Mines stock traded down C$0.02 during mid-day trading on Friday, reaching C$1.68. 3,514,857 shares of the company were exchanged, compared to its average volume of 4,257,168. The business has a fifty day moving average of C$1.99 and a 200 day moving average of C$1.75. The company has a debt-to-equity ratio of 0.14, a quick ratio of 5.49 and a current ratio of 5.78. The firm has a market cap of C$1.36 billion and a P/E ratio of 66.00. Denison Mines has a 12-month low of C$0.79 and a 12-month high of C$2.64.

Denison Mines (TSE:DML) (NYSE:DNN) last posted its earnings results on Thursday, November 4th. The company reported C$0.04 earnings per share for the quarter, topping analysts’ consensus estimates of C($0.01) by C$0.05. The company had revenue of C$9.54 million for the quarter. Sell-side analysts predict that Denison Mines will post -0.02 EPS for the current year.

In other news, Director David Daniel Cates sold 650,000 shares of the firm’s stock in a transaction that occurred on Monday, November 8th. The shares were sold at an average price of C$2.57, for a total transaction of C$1,668,550.00. Following the completion of the sale, the director now owns 825,550 shares in the company, valued at approximately C$2,119,186.85. Also, Senior Officer David Lionel Bronkhorst sold 63,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 24th. The shares were sold at an average price of C$2.13, for a total transaction of C$135,255.00. Following the completion of the transaction, the insider now directly owns 63,900 shares of the company’s stock, valued at approximately C$136,107.

Denison Mines Company Profile

Denison Mines Corp. operates as a uranium exploration and development company in Canada. Its flagship project is the 90% interest owned Wheeler River Uranium project 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.

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