Denison Mines (TSE:DML) Hits New 12-Month High - Here's What Happened

Key Points

• Denison Mines Corp. reached a new 52-week high share price of C$3.63 and last traded at C$3.61, indicating strong market performance.
• Research analysts have issued favorable ratings for Denison Mines, with a consensus rating of "Buy" and a price target increase to C$3.75 from multiple institutions.
• The company is primarily focused on uranium exploration and development, holding a 95% interest in the significant Wheeler River Uranium Project located in Saskatchewan.

Denison Mines Corp. (TSE:DML - Get Free Report) NYSE: DNN reached a new 52-week high during mid-day trading on Friday . The stock traded as high as C$3.63 and last traded at C$3.61, with a volume of 670582 shares traded. The stock had previously closed at C$3.54.

Analysts Set New Price Targets

DML has been the topic of several analyst reports. National Bankshares set a C$3.75 price target on shares of Denison Mines and gave the stock an "outperform" rating in a research report on Tuesday, June 24th. TD Securities increased 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 report on Monday, August 11th. Finally, Desjardins upgraded shares of Denison Mines to a "moderate buy" rating in a research report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of C$3.53.

Denison Mines Stock Up 4.8%

The business's 50 day moving average is C$3.03 and its two-hundred day moving average is C$2.43. The firm has a market cap of C$3.33 billion, a P/E ratio of -41.22, a P/E/G ratio of 1.42 and a beta of 1.66.

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.