Raymond James Boosts Denison Mines (TSE:DML) Price Target to C$3.50

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

Separately, TD Securities upped their price target 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 Trading Up 2.2 %

DML opened at C$2.77 on Tuesday. Denison Mines has a 12 month low of C$1.37 and a 12 month high of C$3.08. The stock has a 50-day moving average of C$2.64 and a 200 day moving average of C$2.49. The firm has a market cap of C$2.47 billion, a P/E ratio of 27.70, 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 (TSE:DML) (NYSE:DNN) last posted its quarterly earnings results on Thursday, February 29th. The company reported C$0.04 earnings per share for the quarter, beating the consensus estimate of C($0.02) by C$0.06. The firm had revenue of C$1.09 million during the quarter. Denison Mines had a net margin of 4,871.97% and a return on equity of 16.58%. As a group, research analysts forecast that Denison Mines will post -0.01 EPS for the current 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.