Denison Mines (TSE:DML) Hits New 52-Week High - Here's What Happened

Key Points

• Denison Mines hit a new 52-week high intraday at C$5.55 (last C$5.54) on Wednesday, with about 1,375,653 shares traded versus a prior close of C$5.35.
• Analyst sentiment is positive (consensus Buy), but the consensus target price of C$4.01 — and National Bankshares’ lowered target of C$4.85 (still an “outperform”) — sit well below the current share price.
• Fundamentals show a market cap of C$5.06 billion but a negative EPS (C($0.15) last quarter), negative ROE, minimal quarterly revenue (C$1.05M), and an expected -0.01 EPS for the fiscal year, indicating ongoing operational/earnings risk.

Denison Mines Corp. (TSE:DML - Get Free Report) NYSE: DNN hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$5.55 and last traded at C$5.54, with a volume of 1375653 shares traded. The stock had previously closed at C$5.35.

Wall Street Analysts Forecast Growth

Separately, National Bankshares lowered their price objective on shares of Denison Mines from C$5.00 to C$4.85 and set an "outperform" rating for the company in a research report on Monday, January 5th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of C$4.01.

Denison Mines Price Performance

The stock has a 50-day moving average of C$4.08 and a 200 day moving average of C$3.67. The stock has a market capitalization of C$5.06 billion, a price-to-earnings ratio of -25.64, a price-to-earnings-growth ratio of 1.42 and a beta of 1.68.

Denison Mines (TSE:DML - Get Free Report) NYSE: DNN last released its earnings results on Friday, November 7th. The company reported C($0.15) earnings per share (EPS) for the quarter. Denison Mines had a net margin of 1,029.20% and a negative return on equity of 4.41%. The business had revenue of C$1.05 million for the quarter. Sell-side analysts anticipate 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.

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