Denison Mines (TSE:DML) Reaches New 12-Month High on Analyst Upgrade

Denison Mines Corp. (TSE:DML) (NYSE:DNN) shares reached a new 52-week high during trading on Monday after Scotiabank raised their price target on the stock from C$4.00 to C$4.50. The company traded as high as C$3.39 and last traded at C$3.37, with a volume of 10000 shares changing hands. The stock had previously closed at C$3.32.

Several other brokerages have also recently issued reports on DML. BMO Capital Markets raised shares of Denison Mines from a “market perform” rating to an “outperform” rating and set a C$3.00 price objective for the company in a research note on Wednesday, September 25th. CIBC set a C$3.25 price target on Denison Mines and gave the stock an “outperform” rating in a research note on Thursday, September 26th. National Bankshares lifted their price objective on Denison Mines from C$3.50 to C$4.15 and gave the company an “outperform” rating in a research note on Thursday, October 24th. National Bank Financial upgraded Denison Mines to a “strong-buy” rating in a report on Tuesday, September 3rd. Finally, Cibc World Mkts upgraded shares of Denison Mines to a “strong-buy” rating in a report on Thursday, September 26th. Five equities research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of C$3.76.

Insider Activity

In other Denison Mines news, Senior Officer Andrew Alan Yackulic sold 45,500 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of C$2.84, for a total value of C$129,124.45. Company insiders own 0.31% of the company’s stock.

Denison Mines Stock Down 2.4 %

The stock has a market cap of C$2.89 billion, a P/E ratio of 54.00, a price-to-earnings-growth ratio of 1.42 and a beta of 1.89. The stock’s 50-day moving average is C$2.80 and its 200-day moving average is C$2.69. The company has a current ratio of 6.94, a quick ratio of 3.12 and a debt-to-equity ratio of 0.07.

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.