Canaccord Genuity Boosts Denison Mines (TSE:DML) Price Target to C$3.00

Denison Mines (TSE:DML) (NYSE:DNN) had its price objective raised by Canaccord Genuity from C$2.50 to C$3.00 in a research report issued to clients and investors on Thursday, Analyst Price Targets reports. The firm currently has a “na” rating on the stock. Canaccord Genuity’s price objective suggests a potential upside of 77.51% from the stock’s previous close.

Several other brokerages also recently weighed in on DML. Cormark boosted their price target on Denison Mines from C$1.50 to C$1.90 and gave the company an “outperform” rating in a report on Thursday, June 17th. TD Securities lifted their price target on shares of Denison Mines to C$2.40 and gave the company a “hold” rating in a report on Wednesday, September 15th. Haywood Securities increased their price objective on shares of Denison Mines from C$2.20 to C$2.40 and gave the stock a “buy” rating in a research note on Thursday, August 5th. Finally, Raymond James increased their price objective on shares of Denison Mines from C$2.10 to C$2.40 and gave the stock an “outperform” rating in a research note on Friday, September 17th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$2.42.

Shares of DML opened at C$1.69 on Thursday. The stock’s 50 day moving average is C$1.54 and its two-hundred day moving average is C$1.48. The firm has a market capitalization of C$1.36 billion and a PE ratio of -60.36. The company has a current ratio of 5.03, a quick ratio of 4.87 and a debt-to-equity ratio of 0.17. Denison Mines has a twelve month low of C$0.41 and a twelve month high of C$2.29.

In related news, Senior Officer Michael James Schoonderwoerd sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 30th. The shares were sold at an average price of C$1.50, for a total transaction of C$75,000.00. Following the transaction, the insider now owns 115,550 shares in the company, valued at C$173,325. Also, Senior Officer Amanda Willett sold 46,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 7th. The stock was sold at an average price of C$1.89, for a total transaction of C$86,940.00. Following the sale, the insider now owns -13,188 shares of the company’s stock, valued at C($24,925.32). Insiders sold 850,550 shares of company stock worth $1,507,850 in the last 90 days.

Denison Mines Company Profile

Denison Mines Corp. operates as a uranium exploration and development company in Canada. Its flagship project is the 90% interest owned Wheeler River Uranium project 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.

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Analyst Recommendations for Denison Mines (TSE:DML)

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