Denison Mines (TSE:DML) Hits New 12-Month Low - What's Next?

Key Points

• Denison Mines hit a new 52-week low, falling to C$2.95 before closing around C$2.96, well below its 50-day and 200-day moving averages of C$3.90 and C$4.61.
• Despite the decline, analysts remain optimistic: five analysts rate the stock a Buy, with a consensus price target of C$5.94 versus its recent trading price.
• The company reported a quarterly loss of C$0.03 per share on just C$0.72 million in revenue, alongside a negative net margin and negative return on equity. An insider also sold 23,000 shares at an average price of C$5.22.

Denison Mines Corp. (TSE:DML - Get Free Report) NYSE: DNN hit a new 52-week low during trading on Monday. The stock traded as low as C$2.95 and last traded at C$2.96, with a volume of 2,046,719 shares trading hands. The stock had previously closed at C$3.07.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on DML shares. National Bank Financial set a C$6.50 price objective on Denison Mines and gave the stock an "outperform" rating in a report on Monday, September 21st. Ventum Financial set a C$5.50 target price on shares of Denison Mines and gave the stock a "buy" rating in a report on Monday, August 24th. Jefferies Financial Group set a C$5.20 price target on shares of Denison Mines and gave the company a "buy" rating in a report on Thursday, September 3rd. Finally, Royal Bank Of Canada set a C$6.00 price objective on shares of Denison Mines and gave the stock an "outperform" rating in a research report on Tuesday, July 14th. Five analysts have rated the stock with a Buy rating. According to MarketBeat, Denison Mines currently has a consensus rating of "Buy" and a consensus target price of C$5.94.

Denison Mines Stock Performance

The firm's fifty day moving average is C$3.90 and its 200 day moving average is C$4.61. The firm has a market capitalization of C$2.69 billion, a price-to-earnings ratio of -9.58, a PEG ratio of 1.42 and a beta of 2.07. The company has a debt-to-equity ratio of 237.89, a current ratio of 9.41 and a quick ratio of 3.12.

Denison Mines (TSE:DML - Get Free Report) NYSE: DNN last released its quarterly earnings data on Wednesday, August 12th. The company reported C($0.03) earnings per share for the quarter. Denison Mines had a negative net margin of 6,732.67% and a negative return on equity of 83.49%. The company had revenue of C$0.72 million during the quarter. On average, analysts predict that Denison Mines Corp. will post -0.01 EPS for the current fiscal year.

Insider Transactions at Denison Mines

In other Denison Mines news, Director Laurie Sterritt sold 23,000 shares of the business's stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of C$5.22, for a total value of C$120,060.00. Insiders own 0.31% of the company's stock.

About Denison Mines

Denison Mines Corp. is a Canadian uranium exploration company operating in northern Saskatchewan. The portfolio comprises roughly 237,000 ha across multiple underexplored 100% owned and Cosa-operated joint venture projects in the Athabasca Basin region, the majority of which reside within or adjacent to established uranium corridors. In January of 2025, the Company entered a transformative strategic collaboration with Denison Mines TSX: DML (NYSE American: DNN) that has secured access to several additional highly prospective eastern Athabasca uranium exploration projects.

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