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

Key Points

• Denison Mines shares reached a new 52-week high, trading as high as C$3.45, with a significant volume of 2,395,905 shares exchanged.
• Analysts have set a price target of C$3.75 with ratings ranging from "outperform" to "moderate buy," indicating optimism about the company's prospects.
• The company focuses on uranium exploration and holds a 95% interest in the Wheeler River Uranium Project, the largest undeveloped uranium project in the Athabasca Basin region.

Shares of Denison Mines Corp. (TSE:DML - Get Free Report) NYSE: DNN hit a new 52-week high on Thursday . The company traded as high as C$3.45 and last traded at C$3.42, with a volume of 2395905 shares traded. The stock had previously closed at C$3.40.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. National Bankshares set a C$3.75 price target on Denison Mines and gave the company an "outperform" rating in a research note on Tuesday, June 24th. Desjardins upgraded shares of Denison Mines to a "moderate buy" rating in a research report on Monday, August 18th. Finally, TD Securities upped their price target on shares of Denison Mines from C$3.50 to C$3.75 and gave the company a "buy" rating in a research report on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the stock. According to MarketBeat, the stock has an average rating of "Buy" and an average price target of C$3.53.

Denison Mines Stock Down 0.9%

The company has a market capitalization of C$3.02 billion, a P/E ratio of -37.44, a price-to-earnings-growth ratio of 1.42 and a beta of 1.66. The business's 50-day moving average is C$2.88 and its two-hundred day moving average is C$2.36.

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.

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