Denison Mines (TSE:DML) PT Set at C$3.75 by National Bankshares

Denison Mines (TSE:DML) (NYSE:DNN) has been given a C$3.75 price target by investment analysts at National Bankshares in a report released on Tuesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ target price suggests a potential upside of 54.32% from the company’s current price.

A number of other analysts also recently issued reports on the stock. Raymond James Financial decreased their price objective on shares of Denison Mines from C$3.90 to C$3.70 and set an “outperform” rating for the company in a report on Monday, March 17th. Desjardins upgraded Denison Mines to a “moderate buy” rating in a research note on Thursday, April 3rd. Finally, Scotiabank decreased their target price on Denison Mines from C$4.75 to C$3.75 and set an “outperform” rating for the company in a research report on Tuesday, March 25th. Five analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$3.49.

Denison Mines Stock Performance

TSE:DML traded up C$0.04 during trading on Tuesday, reaching C$2.43. The company’s stock had a trading volume of 1,333,344 shares, compared to its average volume of 2,327,388. The firm has a market cap of C$2.20 billion, a price-to-earnings ratio of -80.88, a price-to-earnings-growth ratio of 1.42 and a beta of 1.89. Denison Mines has a 12 month low of C$1.58 and a 12 month high of C$3.45. The firm has a 50 day moving average of C$2.13 and a 200-day moving average of C$2.31.

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.