Raymond James analyst Brian MacArthur maintained a Buy rating on Denison Mines (DNN – Research Report) today and set a price target of C$2.60. The company’s shares closed last Friday at $1.32.
According to TipRanks.com, MacArthur is a 4-star analyst with an average return of 6.7% and a 48.7% success rate. MacArthur covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, Osisko Gold Royalties, and Teck Resources.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Denison Mines with a $1.94 average price target.
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Denison Mines’ market cap is currently $1.1B and has a P/E ratio of 82.04.
Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DNN in relation to earlier this year.
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Denison Mines Corp. engages in the exploration and development of uranium. It has interest in McClean Lake uranium mill, Zone and Huskie deposits on the Waterbury Lake property. The company operates through the following segments: Mining, Denison Environmental Services, and Corporate and Other. The Mining segment include depreciation and development cost. The Denison Environmental Services segment involves decommissioning services. The Corporate and Other segment relates to management services. The company was founded on May 9, 1997 and is headquartered in Toronto, Canada.
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