Denison Mines (TSE:DML) Stock Price Up 12.1% - Should You Buy?

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

Wall Street Analysts Forecast Growth

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

Denison Mines Trading Down 2.0%

The firm has a market cap of C$2.21 billion, a PE ratio of -81.55, a P/E/G ratio of 1.42 and a beta of 1.89. The business's 50-day simple moving average is C$2.09 and its 200 day simple moving average is C$2.34.

Denison Mines Company Profile

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.