Denison Mines (TSE:DML) Sets New 1-Year High After Analyst Upgrade

Denison Mines Corp. (TSE:DML) (NYSE:DNN)’s stock price hit 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.

A number of other equities analysts also recently commented on the stock. National Bankshares upped their target price on shares of Denison Mines from C$3.50 to C$4.15 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. CIBC set a C$3.25 price objective on shares of Denison Mines and gave the company an “outperform” rating in a report on Thursday, September 26th. BMO Capital Markets upgraded Denison Mines from a “market perform” rating to an “outperform” rating and set a C$3.00 target price for the company in a report on Wednesday, September 25th. Raymond James boosted their price target on Denison Mines from C$3.50 to C$3.90 in a research report on Friday, November 22nd. Finally, Cibc World Mkts upgraded Denison Mines to a “strong-buy” rating in a research note on Thursday, September 26th. Five investment 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 stock has an average rating of “Buy” and a consensus price target of C$3.76.

Insider Buying and Selling

In other Denison Mines news, Senior Officer Andrew Alan Yackulic sold 45,500 shares of the company’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. 0.31% of the stock is currently owned by insiders.

Denison Mines Stock Performance

The company has a debt-to-equity ratio of 0.07, a current ratio of 6.94 and a quick ratio of 3.12. The company has a market cap of C$2.86 billion, a price-to-earnings ratio of 53.50, a PEG ratio of 1.42 and a beta of 1.89. The firm has a 50 day simple moving average of C$2.83 and a 200-day simple moving average of C$2.69.

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.