Denison Mines (TSE:DML) Reaches New 1-Year Low – Here’s What Happened

Denison Mines Corp. (TSE:DML) (NYSE:DNN) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$1.90 and last traded at C$1.91, with a volume of 755884 shares trading hands. The stock had previously closed at C$2.02.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Raymond James upped their price target on Denison Mines from C$3.50 to C$3.90 in a report on Friday, November 22nd. Scotiabank upped their price target on Denison Mines from C$4.00 to C$4.50 in a report on Monday, November 25th. Four investment analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$3.76.

Denison Mines Stock Up 4.8 %

The firm has a market capitalization of C$1.78 billion, a price-to-earnings ratio of -65.57, a P/E/G ratio of 1.42 and a beta of 1.89. The company has a fifty day moving average price of C$2.51 and a two-hundred day moving average price of C$2.65.

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.