Denison Mines (TSE:DML) Given a C$3.75 Price Target at Scotiabank

Scotiabank set a C$3.75 target price on Denison Mines (TSE:DML) (NYSE:DNN) in a research report released on Tuesday, Marketbeat Ratings reports. The firm currently has an outperform rating on the stock.

DML has been the topic of a number of other research reports. Raymond James boosted their price target on shares of Denison Mines from C$3.00 to C$3.50 in a report on Tuesday, April 23rd. Roth Capital raised shares of Denison Mines to a strong-buy rating in a report on Thursday, June 27th. Finally, TD Securities increased their price target on shares of Denison Mines from C$3.50 to C$3.75 and gave the company a speculative buy rating in a report on Monday, March 4th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of Buy and an average price target of C$3.24.

Denison Mines Price Performance

Shares of TSE:DML opened at C$2.84 on Tuesday. The company has a quick ratio of 3.12, a current ratio of 6.68 and a debt-to-equity ratio of 0.07. Denison Mines has a fifty-two week low of C$1.54 and a fifty-two week high of C$3.37. The firm has a 50-day simple moving average of C$2.94 and a 200 day simple moving average of C$2.71. The company has a market cap of C$2.53 billion, a PE ratio of 35.50, a P/E/G ratio of 1.42 and a beta of 1.89.

Denison Mines (TSE:DML) (NYSE:DNN) last issued its quarterly earnings results on Wednesday, May 8th. The company reported C($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.01). The company had revenue of C$0.83 million during the quarter. Denison Mines had a return on equity of 13.47% and a net margin of 1,986.78%. On average, sell-side analysts anticipate that Denison Mines will post -0.01 EPS for the current 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.