Denison Mines (TSE:DML) Sets New 12-Month High After Analyst Upgrade

Denison Mines Corp. (TSE:DML) (NYSE:DNN) hit a new 52-week high on Monday after Raymond James raised their price target on the stock from C$3.50 to C$3.90. The stock traded as high as C$3.39 and last traded at C$3.37, with a volume of 10000 shares. The stock had previously closed at C$3.32.

A number of other equities analysts have also weighed in on the company. Cibc World Mkts upgraded Denison Mines to a “strong-buy” rating in a research note on Thursday, September 26th. National Bank Financial raised Denison Mines to a “strong-buy” rating in a research report on Tuesday, September 3rd. CIBC set a C$3.25 target price on Denison Mines and gave the company an “outperform” rating in a report on Thursday, September 26th. BMO Capital Markets upgraded shares of Denison Mines from a “market perform” rating to an “outperform” rating and set a C$3.00 target price for the company in a research note on Wednesday, September 25th. Finally, National Bankshares increased their target price on shares of Denison Mines from C$3.50 to C$4.15 and gave the company an “outperform” rating in a report on Thursday, October 24th. Five research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of C$3.63.

Insider Transactions at Denison Mines

In related news, Senior Officer Andrew Alan Yackulic sold 45,500 shares of Denison Mines stock in a transaction dated 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 Up 1.5 %

The firm has a market capitalization of C$3.01 billion, a price-to-earnings ratio of 55.33, a price-to-earnings-growth ratio of 1.42 and a beta of 1.89. The business has a fifty day moving average price of C$2.78 and a two-hundred day moving average price of C$2.69. The company has a debt-to-equity ratio of 0.07, a current ratio of 6.94 and a quick ratio of 3.12.

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.