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

Denison Mines Corp. (TSE:DML) (NYSE:DNN) has been given a consensus rating of “Buy” by the seven brokerages that are presently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a buy recommendation and three have issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$3.76.

Several brokerages have recently commented on DML. Raymond James lowered their price target on shares of Denison Mines from C$3.90 to C$3.70 and set an “outperform” rating for the company in a research report on Monday. Scotiabank boosted 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 Bankshares lowered their target price 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.

Denison Mines Stock Performance

Shares of TSE DML traded up C$0.05 during trading on Monday, reaching C$2.04. The company had a trading volume of 986,220 shares, compared to its average volume of 2,228,562. Denison Mines has a 52 week low of C$1.85 and a 52 week high of C$3.45. The stock has a market cap of C$1.84 billion, a PE ratio of -67.90, a PEG ratio of 1.42 and a beta of 1.89. The business’s 50 day moving average price is C$2.46 and its 200-day moving average price is C$2.65.

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.