Denison Mines (TSE:DML) Sets New 12-Month High Following Analyst Upgrade

Denison Mines Corp. (TSE:DML) (NYSE:DNN) hit a new 52-week high on Monday after Scotiabank raised their price target on the stock from C$4.00 to C$4.50. The stock 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.

Other equities research analysts have also issued reports about the stock. CIBC set a C$3.25 price objective on shares of Denison Mines and gave the company an “outperform” rating in a report on Thursday, September 26th. National Bank Financial upgraded Denison Mines to a “strong-buy” rating in a report on Tuesday, September 3rd. Cibc World Mkts upgraded Denison Mines to a “strong-buy” rating in a research note on Thursday, September 26th. Raymond James raised their price objective on shares of Denison Mines from C$3.50 to C$3.90 in a report on Friday, November 22nd. Finally, 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 on the stock in a research report on Wednesday, September 25th. Five equities research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$3.76.

Insider Buying and Selling at Denison Mines

In other news, Senior Officer Andrew Alan Yackulic sold 45,500 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of C$2.84, for a total value of C$129,124.45. 0.31% of the stock is owned by corporate insiders.

Denison Mines Stock Down 0.9 %

The company has a debt-to-equity ratio of 0.07, a current ratio of 6.94 and a quick ratio of 3.12. The company has a market capitalization of C$2.86 billion, a price-to-earnings ratio of 53.50, a price-to-earnings-growth ratio of 1.42 and a beta of 1.89. The firm’s 50-day simple moving average is C$2.83 and its two-hundred day simple moving average is C$2.69.

About Denison Mines

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.