Denison Mines (NYSEAMERICAN:DNN) Hits New 1-Year High at $2.24

Denison Mines Corp. (NYSEAMERICAN:DNN - Get Free Report) TSE: DML shares reached a new 52-week high on Friday . The company traded as high as $2.24 and last traded at $2.21, with a volume of 2870982 shares traded. The stock had previously closed at $2.19.

Analysts Set New Price Targets

Separately, StockNews.com raised Denison Mines to a "sell" rating in a research report on Friday, April 5th.

Denison Mines Price Performance

The stock has a market cap of $1.88 billion, a P/E ratio of 27.75 and a beta of 1.68. The company's 50 day moving average price is $1.66.

Denison Mines (NYSEAMERICAN:DNN - Get Free Report) TSE: DML last issued its earnings results on Wednesday, February 28th. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.01) by $0.04. Denison Mines had a return on equity of 17.41% and a net margin of 1,069.10%. The company had revenue of $0.80 million for the quarter. On average, sell-side analysts anticipate that Denison Mines Corp. will post -0.01 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Denison Mines

Institutional investors have recently bought and sold shares of the stock. Glenorchy Capital Ltd bought a new stake in Denison Mines in the 4th quarter worth about $25,000. Advisory Services Network LLC bought a new position in shares of Denison Mines during the 1st quarter worth approximately $26,000. &PARTNERS purchased a new position in shares of Denison Mines in the 1st quarter worth approximately $34,000. Avantax Advisory Services Inc. grew its holdings in shares of Denison Mines by 47.6% in the fourth quarter. Avantax Advisory Services Inc. now owns 18,600 shares of the basic materials company's stock valued at $33,000 after acquiring an additional 6,000 shares in the last quarter. Finally, Pathstone Holdings LLC purchased a new stake in shares of Denison Mines during the fourth quarter valued at approximately $34,000. Institutional investors own 36.74% of the company's stock.

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.