Denison Mines (TSE:DML) Sets New 12-Month High – Here’s What Happened

Denison Mines Corp. (TSE:DML) (NYSE:DNN) hit a new 52-week high during trading on Thursday . The stock traded as high as C$5.35 and last traded at C$5.29, with a volume of 763499 shares trading hands. The stock had previously closed at C$5.20.

Analyst Upgrades and Downgrades

Separately, National Bankshares dropped their target price on Denison Mines from C$5.00 to C$4.85 and set an “outperform” rating on the stock in a report on Monday, January 5th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$4.01.

Denison Mines Stock Down 0.9%

The business has a 50-day simple moving average of C$4.01 and a 200-day simple moving average of C$3.61. The stock has a market cap of C$4.79 billion, a P/E ratio of -24.27, a PEG ratio of 1.42 and a beta of 1.68.

Denison Mines (TSE:DML) (NYSE:DNN) last released its quarterly earnings results on Friday, November 7th. The company reported C($0.15) EPS for the quarter. The firm had revenue of C$1.05 million during the quarter. Denison Mines had a net margin of 1,029.20% and a negative return on equity of 4.41%. On average, analysts predict that Denison Mines Corp. will post -0.01 earnings per share for the current fiscal year.

About Denison Mines

Denison Mines Corp is a uranium exploration and development company with interests focused in the Athabasca Basin region of northern Saskatchewan, Canada. The company has an effective 95% interest in its flagship Wheeler River Uranium Project, which is the largest undeveloped uranium project in the infrastructure rich eastern portion of the Athabasca Basin region of northern Saskatchewan. The company is also engaged in mine decommissioning and environmental services through its Closed Mines group, which manages its Elliot Lake reclamation projects and provides third-party post-closure mine care and maintenance services.