Denison Mines Corp. (TSE:DML) Receives Consensus Recommendation of “Buy” from Analysts

Denison Mines Corp. (TSE:DML) (NYSE:DNN) has been assigned a consensus recommendation of “Buy” from the eight brokerages that are currently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a buy recommendation and three have assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$3.57.

DML has been the subject of a number of recent research reports. CIBC set a C$3.25 price objective on Denison Mines and gave the stock an “outperform” rating in a research report on Thursday, September 26th. BMO Capital Markets raised Denison Mines from a “market perform” rating to an “outperform” rating and set a C$3.00 price objective for the company in a research report on Wednesday, September 25th. Cibc World Mkts raised Denison Mines to a “strong-buy” rating in a research report on Thursday, September 26th. National Bankshares increased their price objective on Denison Mines from C$3.50 to C$4.15 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Finally, National Bank Financial raised Denison Mines to a “strong-buy” rating in a research note on Tuesday, September 3rd.

Denison Mines Stock Down 1.7 %

Shares of TSE DML opened at C$2.98 on Thursday. The stock has a market cap of C$2.66 billion, a PE ratio of 49.67, a price-to-earnings-growth ratio of 1.42 and a beta of 1.89. The company has a quick ratio of 3.12, a current ratio of 6.94 and a debt-to-equity ratio of 0.07. Denison Mines has a 52-week low of C$1.91 and a 52-week high of C$3.37. The business has a 50-day moving average price of C$2.49 and a 200 day moving average price of C$2.66.

Denison Mines (TSE:DML) (NYSE:DNN) last posted its quarterly earnings data on Thursday, August 8th. The company reported C($0.02) earnings per share for the quarter, hitting analysts’ consensus estimates of C($0.02). Denison Mines had a return on equity of 10.60% and a net margin of 1,412.07%. The company had revenue of C$1.33 million during the quarter, compared to analysts’ expectations of C$1.10 million. Equities research analysts forecast that Denison Mines will post -0.01 earnings per share for the current year.

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.