Denison Mines (TSE:DML) Shares Down 7.9% - What's Next?

Denison Mines Corp. (TSE:DML - Get Free Report) NYSE: DNN shares fell 7.9% during mid-day trading on Monday . The stock traded as low as C$1.74 and last traded at C$1.74. 1,031,088 shares changed hands during trading, a decline of 53% from the average session volume of 2,185,113 shares. The stock had previously closed at C$1.89.

Analysts Set New Price Targets

A number of brokerages recently commented on DML. Desjardins raised Denison Mines to a "moderate buy" rating in a research note on Thursday, April 3rd. Raymond James reduced their price target on shares of Denison Mines from C$3.90 to C$3.70 and set an "outperform" rating on the stock in a research report on Monday, March 17th. National Bankshares lowered their price objective on shares of Denison Mines from C$4.15 to C$3.75 and set an "outperform" rating for the company in a report on Wednesday, April 2nd. Finally, Scotiabank reduced their target price on Denison Mines from C$4.75 to C$3.75 and set an "outperform" rating on the stock in a report on Tuesday, March 25th. Five analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of C$3.49.

Denison Mines Price Performance

The firm's 50 day moving average is C$1.96 and its 200 day moving average is C$2.56. The firm has a market cap of C$1.75 billion, a P/E ratio of -64.57, a price-to-earnings-growth ratio of 1.42 and a beta of 1.89.

About Denison Mines

Denison Mines Corp. engages in the acquisition, exploration, and development of uranium bearing properties in Canada. Its flagship project is the Wheeler River uranium project covering an area of approximately 300,000 hectares located in the Athabasca Basin region in northern Saskatchewan. The company was formerly known as International Uranium Corporation and changed its name to Denison Mines Corp.