Denison Mines (TSE:DML) Hits New 1-Year Low – Time to Sell?

Denison Mines Corp. (TSE:DML) (NYSE:DNN)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as C$1.85 and last traded at C$1.88, with a volume of 256415 shares changing hands. The stock had previously closed at C$1.91.

Analysts Set New Price Targets

Several brokerages have recently weighed in on DML. Raymond James lowered their price target on shares of Denison Mines from C$3.90 to C$3.70 and set an “outperform” rating for the company in a research report on Monday, March 17th. National Bankshares dropped their target price on Denison Mines from C$4.30 to C$4.15 and set an “outperform” rating on the stock in a research report on Monday, March 17th. Finally, Scotiabank reduced their price target on Denison Mines from C$4.75 to C$3.75 and set an “outperform” rating for the company in a research report on Tuesday, March 25th. Five research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Denison Mines has an average rating of “Buy” and an average price target of C$3.57.

Denison Mines Stock Down 2.1 %

The business has a 50-day moving average price of C$2.32 and a 200-day moving average price of C$2.65. The firm has a market capitalization of C$1.69 billion, a price-to-earnings ratio of -62.24, a P/E/G ratio of 1.42 and a beta of 1.89.

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.