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

Shares of Denison Mines Corp. (TSE:DML) (NYSE:DNN) have received a consensus recommendation of “Buy” from the eight ratings firms that are covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$3.38.

DML has been the subject of a number of recent research reports. National Bank Financial upgraded Denison Mines to a “strong-buy” rating in a research report on Tuesday, September 3rd. National Bankshares set a C$3.50 target price on Denison Mines and gave the company an “outperform” rating in a report on Wednesday, September 4th. Cibc World Mkts raised Denison Mines to a “strong-buy” rating in a research note on Thursday, September 26th. Scotiabank set a C$3.75 price objective on shares of Denison Mines and gave the company an “outperform” rating in a research note on Tuesday, July 2nd. Finally, BMO Capital Markets raised shares of Denison Mines from a “market perform” rating to an “outperform” rating and set a C$3.00 target price on the stock in a research report on Wednesday, September 25th.

Denison Mines Trading Up 2.3 %

Shares of DML stock opened at C$2.64 on Friday. Denison Mines has a fifty-two week low of C$1.91 and a fifty-two week high of C$3.37. The company has a quick ratio of 3.12, a current ratio of 6.94 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of C$2.36 billion, a P/E ratio of 44.00, a P/E/G ratio of 1.42 and a beta of 1.89. The stock has a 50-day simple moving average of C$2.25 and a 200 day simple moving average of C$2.65.

Denison Mines (TSE:DML) (NYSE:DNN) last released its earnings results on Thursday, August 8th. The company reported C($0.02) EPS for the quarter, hitting analysts’ consensus estimates of C($0.02). Denison Mines had a net margin of 1,412.07% and a return on equity of 10.60%. The business had revenue of C$1.33 million for the quarter, compared to the consensus estimate of C$1.10 million. On average, sell-side analysts expect that Denison Mines will post -0.01 earnings per share for the current fiscal year.

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.