Denison Mines (TSE:DML) Given New C$2.25 Price Target at TD Securities

Denison Mines (TSE:DML) (NYSE:DNN) had its price objective cut by TD Securities from C$2.40 to C$2.25 in a research report sent to investors on Friday, Price Targets.com reports. They currently have a hold rating on the stock.

A number of other equities analysts have also recently issued reports on DML. Raymond James reiterated an outperform rating and issued a C$2.60 price objective on shares of Denison Mines in a report on Friday. reissued a buy rating on shares of Denison Mines in a research note on Friday, September 24th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Buy and a consensus target price of C$2.43.

Denison Mines stock opened at C$1.70 on Friday. The business has a 50-day simple moving average of C$1.97 and a 200 day simple moving average of C$1.75. Denison Mines has a 52 week low of C$0.79 and a 52 week high of C$2.64. The company has a quick ratio of 5.49, a current ratio of 5.78 and a debt-to-equity ratio of 0.14. The stock has a market cap of C$1.37 billion and a price-to-earnings ratio of 68.00.

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

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

About Denison Mines

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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