Denison Mines (TSE:DML) Price Target Cut to C$3.75 by Analysts at Scotiabank

Denison Mines (TSE:DML) (NYSE:DNN) had its price objective dropped by analysts at Scotiabank from C$4.75 to C$3.75 in a research report issued on Tuesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s price objective indicates a potential upside of 80.29% from the stock’s previous close.

A number of other research analysts have also issued reports on the company. Raymond James reduced their price objective on Denison Mines from C$3.90 to C$3.70 and set an “outperform” rating for the company in a research report on Monday, March 17th. National Bankshares lowered their price target on shares of Denison Mines from C$4.30 to C$4.15 and set an “outperform” rating for the company in a research report on Monday, March 17th. Five investment analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$3.57.

Denison Mines Trading Down 4.1 %

TSE DML traded down C$0.09 during trading hours on Tuesday, reaching C$2.08. The company’s stock had a trading volume of 1,320,485 shares, compared to its average volume of 2,209,261. The stock has a market cap of C$1.88 billion, a PE ratio of -69.23, a PEG ratio of 1.42 and a beta of 1.89. The business has a 50-day simple moving average of C$2.37 and a 200 day simple moving average of C$2.65. Denison Mines has a 52 week low of C$1.85 and a 52 week high of C$3.45.

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.