Denison Mines (NYSEAMERICAN:DNN) Sets New 12-Month High at $2.27

Shares of Denison Mines Corp. (NYSEAMERICAN:DNN - Get Free Report) TSE: DML reached a new 52-week high during trading on Monday . The company traded as high as $2.27 and last traded at $2.27, with a volume of 137392 shares. The stock had previously closed at $2.24.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Denison Mines to a "sell" rating in a report on Sunday.

Denison Mines Price Performance

The firm has a market cap of $2.04 billion, a price-to-earnings ratio of 32.71 and a beta of 1.67.

Denison Mines (NYSEAMERICAN:DNN - Get Free Report) TSE: DML last released its quarterly earnings results on Wednesday, February 28th. The basic materials company reported $0.03 earnings per share for the quarter, beating analysts' consensus estimates of ($0.01) by $0.04. The company had revenue of $0.80 million for the quarter. Denison Mines had a return on equity of 12.96% and a net margin of 888.36%. On average, sell-side analysts predict that Denison Mines Corp. will post -0.06 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Denison Mines

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DNN. Glenorchy Capital Ltd acquired a new position in Denison Mines in the fourth quarter worth approximately $25,000. Sigma Planning Corp acquired a new position in Denison Mines in the third quarter worth approximately $32,000. Avantax Advisory Services Inc. grew its position in 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 worth $33,000 after buying an additional 6,000 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in Denison Mines in the fourth quarter worth approximately $34,000. Finally, &PARTNERS purchased a new position in Denison Mines during the 1st quarter worth approximately $34,000. Institutional investors own 36.74% of the company's stock.

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.