Denison Mines (TSE:DML) Given New C$3.50 Price Target at Raymond James

Denison Mines (TSE:DML) (NYSE:DNN) had its price target raised by Raymond James from C$3.00 to C$3.50 in a report released on Tuesday, BayStreet.CA reports.

Separately, TD Securities lifted their price objective on Denison Mines from C$3.50 to C$3.75 and gave the stock a speculative buy rating in a research report on Monday, March 4th.

Denison Mines Stock Performance

Shares of TSE DML opened at C$2.72 on Tuesday. The stock has a market cap of C$2.43 billion, a price-to-earnings ratio of 27.20, a P/E/G ratio of 1.42 and a beta of 1.90. The company has a current ratio of 8.28, a quick ratio of 3.12 and a debt-to-equity ratio of 0.07. Denison Mines has a 1-year low of C$1.36 and a 1-year high of C$3.08. The stock’s 50-day moving average is C$2.64 and its 200 day moving average is C$2.48.

Denison Mines (TSE:DML) (NYSE:DNN) last posted its quarterly earnings results on Thursday, February 29th. The company reported C$0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of C($0.02) by C$0.06. The business had revenue of C$1.09 million for the quarter. Denison Mines had a return on equity of 16.58% and a net margin of 4,871.97%. On average, sell-side analysts anticipate that Denison Mines will post -0.01 EPS for the current fiscal 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.