Denison Mines (TSE:DML) Shares Up 12.3% – Here’s Why

Denison Mines Corp. (TSE:DML) (NYSE:DNN) traded up 12.3% during trading on Thursday . The company traded as high as C$1.83 and last traded at C$1.83. 3,607,608 shares changed hands during mid-day trading, an increase of 63% from the average session volume of 2,218,163 shares. The stock had previously closed at C$1.63.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DML. National Bankshares cut their price objective on shares of Denison Mines from C$4.15 to C$3.75 and set an “outperform” rating for the company in a research report on Wednesday, April 2nd. Desjardins upgraded Denison Mines to a “moderate buy” rating in a research note on Thursday, April 3rd. Scotiabank dropped their price objective 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. Finally, Raymond James lowered their target price on Denison Mines from C$3.90 to C$3.70 and set an “outperform” rating for the company in a research note on Monday, March 17th. Five research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, Denison Mines has an average rating of “Buy” and an average price target of C$3.49.

Denison Mines Stock Up 5.8 %

The company has a market cap of C$1.64 billion, a P/E ratio of -60.58, a PEG ratio of 1.42 and a beta of 1.89. The firm’s 50 day moving average is C$2.09 and its two-hundred day moving average is C$2.60.

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.