Denison Mines (TSE:DML) Trading 13.9% Higher - Still a Buy?

Shares of Denison Mines Corp. (TSE:DML - Get Free Report) NYSE: DNN rose 13.9% during mid-day trading on Monday . The stock traded as high as C$2.57 and last traded at C$2.54. Approximately 4,683,082 shares traded hands during trading, an increase of 106% from the average daily volume of 2,277,454 shares. The stock had previously closed at C$2.23.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Desjardins raised Denison Mines to a "moderate buy" rating in a research note on Thursday, April 3rd. Raymond James cut their price target on Denison Mines from C$3.90 to C$3.70 and set an "outperform" rating for the company in a 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 research report on Wednesday, April 2nd. Finally, Scotiabank reduced 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 research report on Tuesday, March 25th. Five equities research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and an average price target of C$3.49.

Denison Mines Stock Down 1.6%

The business's 50 day moving average is C$2.07 and its two-hundred day moving average is C$2.34. The firm has a market cap of C$2.24 billion, a P/E ratio of -82.55, a P/E/G 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.