Shares of Denison Mines Corp. (TSE:DML - Get Free Report) NYSE: DNN traded up 13.9% during trading on Monday . The company traded as high as C$2.57 and last traded at C$2.54. 4,683,082 shares were traded during mid-day trading, an increase of 106% from the average session volume of 2,277,454 shares. The stock had previously closed at C$2.23.
Analysts Set New Price Targets
A number of brokerages recently weighed in on DML. National Bankshares lowered their target price on shares of Denison Mines from C$4.15 to C$3.75 and set an "outperform" rating on the stock in a report on Wednesday, April 2nd. Raymond James Financial lowered their target price on shares of Denison Mines from C$3.90 to C$3.70 and set an "outperform" rating on the stock in a report on Monday, March 17th. Desjardins upgraded shares of Denison Mines to a "moderate buy" rating in a report on Thursday, April 3rd. Finally, Scotiabank lowered their target price on shares of 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 research 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.com, Denison Mines currently has an average rating of "Buy" and an average target price of C$3.49.
Check Out Our Latest Report on DML
Denison Mines Stock Down 2.0%
The stock has a market capitalization of C$2.21 billion, a price-to-earnings ratio of -81.55, a P/E/G ratio of 1.42 and a beta of 1.89. The company's fifty day simple moving average is C$2.09 and its 200 day simple moving average is C$2.34.
About Denison Mines
(
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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.
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