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

Key Points

• Denison Mines Corp. shares have achieved a new 52-week high of C$4.12 during trading, marking a significant milestone for the company.
• Research analysts have expressed positive sentiments, with upgrades and increased price targets, including National Bankshares raising theirs from C$3.90 to C$4.50.
• The firm holds a market cap of C$3.52 billion and focuses on uranium exploration, particularly in the Athabasca Basin region of Canada, where it has a 95% interest in the Wheeler River Uranium Project.

Denison Mines Corp. (TSE:DML - Get Free Report) NYSE: DNN shares hit a new 52-week high during trading on Monday . The company traded as high as C$4.12 and last traded at C$4.00, with a volume of 1606849 shares. The stock had previously closed at C$3.91.

Wall Street Analyst Weigh In

A number of research analysts have commented on DML shares. National Bankshares raised their price target on shares of Denison Mines from C$3.90 to C$4.50 and gave the stock an "outperform" rating in a research note on Wednesday, September 24th. TD Securities raised their price target on shares of Denison Mines from C$3.50 to C$3.75 and gave the stock a "buy" rating in a research note on Monday, August 11th. Finally, Desjardins upgraded shares of Denison Mines to a "moderate buy" rating in a research note on Monday, August 18th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Denison Mines presently has an average rating of "Buy" and an average price target of C$3.93.

Denison Mines Trading Up 0.5%

The firm has a fifty day simple moving average of C$3.24 and a 200-day simple moving average of C$2.56. The stock has a market cap of C$3.52 billion, a price-to-earnings ratio of -43.67, a P/E/G ratio of 1.42 and a beta of 1.68.

Denison Mines Company Profile

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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