Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) had its price objective boosted by analysts at Raymond James from C$2.10 to C$2.40 in a note issued to investors on Friday, The Fly reports. The brokerage currently has an “outperform” rating on the basic materials company’s stock.
A number of other equities analysts also recently issued reports on the company. TD Securities lifted their price target on Denison Mines from C$1.65 to C$2.40 and gave the company a “hold” rating in a research note on Wednesday. TheStreet raised shares of Denison Mines from a “d+” rating to a “c” rating in a research report on Thursday, September 2nd. Finally, Zacks Investment Research cut shares of Denison Mines from a “hold” rating to a “sell” rating in a research report on Thursday, September 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $1.79.
DNN stock traded down $0.10 during mid-day trading on Friday, reaching $1.60. 321,075 shares of the company traded hands, compared to its average volume of 18,753,488. The company has a market capitalization of $1.29 billion, a P/E ratio of -78.75 and a beta of 2.18. Denison Mines has a fifty-two week low of $0.30 and a fifty-two week high of $1.81.
Denison Mines Company Profile
Denison Mines Corp. engages in the exploration and development of uranium. The firm has interest in McClean Lake and Mill, Wheeler River, Waterbury, Midwest, and Hook-Carter projects. It operates through the following segments: Mining, Closed Mines, and Corporate and Other. The company was founded on May 9, 1997 and is headquartered in Toronto, Canada.
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