Denison Mines (TSE:DML) Reaches New 1-Year High on Analyst Upgrade

Denison Mines Corp. (TSE:DML) (NYSE:DNN)’s share price hit a new 52-week high on Monday after Raymond James raised their price target on the stock from C$3.50 to C$3.90. The company traded as high as C$3.39 and last traded at C$3.37, with a volume of 10000 shares. The stock had previously closed at C$3.32.

Several other research analysts have also recently issued reports on DML. CIBC set a C$3.25 price target on Denison Mines and gave the company an “outperform” rating in a report on Thursday, September 26th. Cibc World Mkts raised shares of Denison Mines to a “strong-buy” rating in a research report on Thursday, September 26th. National Bankshares increased their price objective on shares of Denison Mines from C$3.50 to C$4.15 and gave the company an “outperform” rating in a report on Thursday, October 24th. BMO Capital Markets raised shares of Denison Mines from a “market perform” rating to an “outperform” rating and set a C$3.00 target price for the company in a research report on Wednesday, September 25th. Finally, National Bank Financial raised shares of Denison Mines to a “strong-buy” rating in a report on Tuesday, September 3rd. Five research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$3.63.

Insider Buying and Selling at Denison Mines

In other news, Senior Officer Andrew Alan Yackulic sold 45,500 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of C$2.84, for a total value of C$129,124.45. Insiders own 0.31% of the company’s stock.

Denison Mines Stock Up 1.5 %

The firm has a fifty day moving average price of C$2.78 and a 200 day moving average price of C$2.69. The firm has a market capitalization of C$3.01 billion, a price-to-earnings ratio of 55.33, a PEG ratio of 1.42 and a beta of 1.89. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.12 and a current ratio of 6.94.

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.