National Bankshares Issues Pessimistic Forecast for Denison Mines (TSE:DML) Stock Price

Denison Mines (TSE:DML) (NYSE:DNN) had its target price lowered by equities researchers at National Bankshares from C$5.00 to C$4.85 in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ target price would suggest a potential upside of 9.73% from the stock’s current price.

Denison Mines Stock Up 6.8%

TSE:DML traded up C$0.28 on Monday, hitting C$4.42. The stock had a trading volume of 3,636,890 shares, compared to its average volume of 4,971,553. The business’s fifty day moving average is C$3.71 and its 200 day moving average is C$3.37. Denison Mines has a 52 week low of C$1.58 and a 52 week high of C$4.79. The company has a market cap of C$3.97 billion, a PE ratio of -20.09, a P/E/G ratio of 1.42 and a beta of 1.68.

Denison Mines (TSE:DML) (NYSE:DNN) last posted its quarterly earnings data 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. Equities analysts predict 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.