Insider Buying: Denison Mines Corp. (TSE:DML) Director Buys 10,000 Shares of Stock

Denison Mines Corp. (TSE:DML) (NYSE:DNN) Director David Daniel Cates purchased 10,000 shares of the business’s stock in a transaction on Friday, September 6th. The shares were bought at an average price of C$1.92 per share, with a total value of C$19,200.00.

David Daniel Cates also recently made the following trade(s):

• On Monday, August 12th, David Daniel Cates purchased 10,000 shares of Denison Mines stock. The shares were bought at an average price of C$2.10 per share, with a total value of C$21,000.00.

Denison Mines Stock Up 1.5 %

DML traded up C$0.03 during midday trading on Monday, reaching C$1.97. The company’s stock had a trading volume of 565,682 shares, compared to its average volume of 1,856,405. The firm has a market capitalization of C$1.76 billion, a price-to-earnings ratio of 32.33, a PEG ratio of 1.42 and a beta of 1.90. The company has a current ratio of 6.94, a quick ratio of 3.12 and a debt-to-equity ratio of 0.07. Denison Mines Corp. has a 1 year low of C$1.91 and a 1 year high of C$3.37. The stock’s 50-day moving average is C$2.45 and its 200-day moving average is C$2.67.

Denison Mines (TSE:DML) (NYSE:DNN) last issued its quarterly earnings data on Thursday, August 8th. The company reported C($0.02) earnings per share for the quarter, meeting analysts’ consensus estimates of C($0.02). The company had revenue of C$1.33 million for the quarter, compared to the consensus estimate of C$1.10 million. Denison Mines had a net margin of 1,412.07% and a return on equity of 10.60%. As a group, research analysts expect that Denison Mines Corp. will post -0.01 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on DML shares. National Bankshares set a C$3.50 target price on shares of Denison Mines and gave the stock an “outperform” rating in a research report on Wednesday, September 4th. National Bank Financial raised shares of Denison Mines to a “strong-buy” rating in a research report on Tuesday, September 3rd. Scotiabank set a C$3.75 target price on shares of Denison Mines and gave the stock an “outperform” rating in a research report on Tuesday, July 2nd. Finally, Roth Capital raised shares of Denison Mines to a “strong-buy” rating in a research report on Thursday, June 27th. One analyst has rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of C$3.28.

Denison Mines Company Profile

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.