Raymond James Issues Pessimistic Forecast for Denison Mines (TSE:DML) Stock Price

Denison Mines (TSE:DML) (NYSE:DNN) had its price target cut by equities researchers at Raymond James from C$3.90 to C$3.70 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Raymond James’ price target would suggest a potential upside of 81.37% from the stock’s current price.

Other equities analysts also recently issued reports about the stock. Scotiabank boosted their target price on shares of Denison Mines from C$4.00 to C$4.50 in a report on Monday, November 25th. National Bankshares lowered their target price on Denison Mines from C$4.30 to C$4.15 and set an “outperform” rating on the stock in a research note on Monday. Five equities research analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$3.72.

Denison Mines Price Performance

TSE:DML traded up C$0.05 on Monday, hitting C$2.04. 972,120 shares of the company’s stock were exchanged, compared to its average volume of 2,228,281. The firm has a 50-day moving average price of C$2.46 and a 200-day moving average price of C$2.65. Denison Mines has a 52 week low of C$1.85 and a 52 week high of C$3.45. The company has a market cap of C$1.84 billion, a P/E ratio of -67.90, a price-to-earnings-growth ratio of 1.42 and a beta of 1.89.

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.