Analysts at Paradigm Capital dropped their target price on shares of Denison Mines Corp. (TSE:DML) from C$2.40 to C$2.25 in a research report issued to clients and investors on Tuesday, AR Network reports. The firm currently has a “buy” rating on the stock. Paradigm Capital’s target price would indicate a potential upside of 40.63% from the stock’s previous close.
Shares of Denison Mines Corp. (TSE:DML) traded up 1.86% during mid-day trading on Tuesday, hitting $1.64. The stock had a trading volume of 427,053 shares. Denison Mines Corp. has a one year low of $1.01 and a one year high of $1.95. The stock’s 50-day moving average is $1. and its 200-day moving average is $1.32. The company’s market cap is $794.9 million.
DML has been the subject of a number of other recent research reports. Analysts at Raymond James raised their price target on shares of Denison Mines Corp. from C$2.20 to C$2.30 in a research note on Friday, March 21st. They now have an “outperform” rating on the stock. Separately, analysts at TD Securities raised their price target on shares of Denison Mines Corp. from C$1.50 to C$1.75 in a research note on Friday, March 21st. They now have a “hold” rating on the stock. Finally, analysts at Scotiabank reiterated an “outperform” rating on shares of Denison Mines Corp. in a research note on Thursday, March 20th. They now have a C$2.10 price target on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of C$1.95.
Denison Mines Corp. (TSE:DML) is engaged in uranium exploration, development, mining and milling with uranium mining projects in both the United States and Canada and development projects in Canada, the United States, Zambia and Mongolia.