Denison Mines (TSE:DML) Trading 12.1% Higher - Time to Buy?

Denison Mines Corp. (TSE:DML - Get Free Report) NYSE: DNN's stock price traded up 12.1% during trading on Monday . The stock traded as high as C$2.50 and last traded at C$2.50. 168,005 shares were traded during trading, a decline of 93% from the average session volume of 2,254,243 shares. The stock had previously closed at C$2.23.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Scotiabank lowered their price target 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. Desjardins upgraded shares of Denison Mines to a "moderate buy" rating in a research report on Thursday, April 3rd. National Bankshares reduced their price target on Denison Mines from C$4.15 to C$3.75 and set an "outperform" rating on the stock in a research report on Wednesday, April 2nd. Finally, Raymond James reduced their price objective on shares of Denison Mines from C$3.90 to C$3.70 and set an "outperform" rating for the company in a research report on Monday, March 17th. Five equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of C$3.49.

Denison Mines Stock Performance

The firm has a market capitalization of C$2.29 billion, a P/E ratio of -84.21, a PEG ratio of 1.42 and a beta of 1.89. The stock has a 50 day moving average of C$2.05 and a 200-day moving average of C$2.35.

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.

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