Denison Mines (TSE:DML) Price Target Raised to C$6.00

Denison Mines (TSE:DML) (NYSE:DNN) had its price objective upped by analysts at National Bankshares from C$4.85 to C$6.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ target price would indicate a potential upside of 20.48% from the company’s previous close.

Denison Mines Stock Up 5.1%

Shares of TSE DML traded up C$0.24 during mid-day trading on Friday, reaching C$4.98. 2,816,349 shares of the company were exchanged, compared to its average volume of 4,480,819. Denison Mines has a 52 week low of C$1.58 and a 52 week high of C$5.97. The company’s 50 day moving average price is C$4.35 and its 200 day moving average price is C$3.78. The stock has a market capitalization of C$4.47 billion, a PE ratio of -22.64, a PEG ratio of 1.42 and a beta of 1.83.

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

Insider Buying and Selling

In other Denison Mines news, Director David Daniel Cates sold 360,000 shares of Denison Mines stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of C$5.82, for a total transaction of C$2,095,200.00. Following the transaction, the director directly owned 1,760,000 shares of the company’s stock, valued at approximately C$10,243,200. This trade represents a 16.98% decrease in their ownership of the stock. 0.31% of the stock is owned by insiders.

Denison Mines Company Profile

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.