Denison Mines (TSE:DML) Price Target Raised to C$5.00

Denison Mines (TSE:DML) (NYSE:DNN) had its price objective lifted by stock analysts at National Bankshares from C$4.50 to C$5.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ price objective would suggest a potential upside of 31.58% from the stock’s previous close.

Denison Mines Stock Performance

Shares of DML stock traded up C$0.26 on Friday, hitting C$3.80. 3,526,356 shares of the company’s stock traded hands, compared to its average volume of 3,009,020. The stock has a market capitalization of C$3.41 billion, a price-to-earnings ratio of -17.27, a P/E/G ratio of 1.42 and a beta of 1.71. The company’s fifty day simple moving average is C$3.78 and its 200 day simple moving average is C$3.24. Denison Mines has a one year low of C$1.58 and a one year high of C$4.79.

Denison Mines (TSE:DML) (NYSE:DNN) last posted its quarterly earnings results on Friday, November 7th. The company reported C($0.15) earnings per share (EPS) for the quarter. Denison Mines had a net margin of 1,029.20% and a negative return on equity of 4.41%. The business had revenue of C$1.05 million for the quarter. As a group, sell-side analysts anticipate that Denison Mines will post -0.01 earnings per share for the current fiscal year.

About Denison Mines

Denison Mines Corp is a uranium exploration and development company with interests focused in the Athabasca Basin region of northern Saskatchewan, Canada. The company has an effective 95% interest in its flagship Wheeler River Uranium Project, which is the largest undeveloped uranium project in the infrastructure rich eastern portion of the Athabasca Basin region of northern Saskatchewan. The company is also engaged in mine decommissioning and environmental services through its Closed Mines group, which manages its Elliot Lake reclamation projects and provides third-party post-closure mine care and maintenance services.