Denison Mines (TSE:DML) Sets New 52-Week Low - Here's Why

Key Points

• Denison Mines fell 6.3% to a new 52-week low of C$3.12, well below its 50-day and 200-day moving averages of C$4.23 and C$4.50.
• Despite the decline, five analysts rate the stock a Buy, with an average price target of C$5.94 and individual targets ranging from C$5.20 to C$6.50.
• The company reported a quarterly loss of C$0.03 per share, C$0.72 million in revenue, and a negative 83.49% 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 Wednesday. The stock traded as low as C$3.12 and last traded at C$3.13, with a volume of 2,013,574 shares. The stock had previously closed at C$3.32.

Wall Street Analyst Weigh In

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

Denison Mines Stock Down 6.3%

The stock has a 50-day moving average of C$4.23 and a 200-day moving average of C$4.50. The company has a market cap of C$2.82 billion, a PE ratio of -10.03, a P/E/G ratio of 1.42 and a beta of 2.07. The company has a quick ratio of 3.12, a current ratio of 9.41 and a debt-to-equity ratio of 237.89.

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) EPS for the quarter. Denison Mines had a negative return on equity of 83.49% and a negative net margin of 6,732.67%. The company had revenue of C$0.72 million during the quarter. Sell-side analysts predict that Denison Mines Corp. will post -0.01 earnings per share for the current fiscal year.

Insider Transactions at Denison Mines

In other Denison Mines news, Director Laurie Sterritt sold 23,000 shares of the firm'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. Corporate insiders own 0.31% of the company's stock.

Denison Mines Company Profile

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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