Royal Bank Of Canada Upgrades Denison Mines (TSE:DML) to “Moderate Buy”

Denison Mines (TSE:DML) (NYSE:DNN) was upgraded by Royal Bank Of Canada to a “moderate buy” rating in a research note issued to investors on Monday,Zacks.com reports.

Separately, National Bank Financial raised their target price on Denison Mines from C$6.00 to C$6.50 and gave the company an “outperform” rating in a report on Friday, April 17th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Denison Mines presently has an average rating of “Buy” and a consensus target price of C$6.33.

Denison Mines Trading Up 3.7%

DML opened at C$4.46 on Monday. Denison Mines has a 52 week low of C$2.46 and a 52 week high of C$6.04. The business has a fifty day simple moving average of C$4.59 and a 200-day simple moving average of C$4.89. The firm has a market cap of C$4.04 billion, a P/E ratio of -13.94, a P/E/G ratio of 1.42 and a beta of 1.29. The company has a quick ratio of 3.12, a current ratio of 13.77 and a debt-to-equity ratio of 280.62.

Denison Mines (TSE:DML) (NYSE:DNN) last issued its quarterly earnings data on Tuesday, May 12th. The company reported C($0.13) earnings per share for the quarter. The firm had revenue of C$1.11 million during the quarter. Denison Mines had a negative net margin of 6,208.50% and a negative return on equity of 73.67%. On average, equities analysts expect that Denison Mines will post -0.01 earnings per share for the current year.

Insider Transactions at Denison Mines

In other Denison Mines news, Director Laurie Sterritt sold 19,800 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of C$4.39, for a total transaction of C$86,922.00. 0.31% of the stock is owned by corporate insiders.

Denison Mines Company Profile

Denison Mines Corp. is a Canadian uranium exploration company operating in northern Saskatchewan. The portfolio comprises roughly 237,000 ha across multiple underexplored 100% owned and Cosa-operated joint venture projects in the Athabasca Basin region, the majority of which reside within or adjacent to established uranium corridors. In January of 2025, the Company entered a transformative strategic collaboration with Denison Mines (TSX: DML) (NYSE American: DNN) that has secured access to several additional highly prospective eastern Athabasca uranium exploration projects.