Denison Mines (TSE:DML) Hits New 12-Month High – Here’s Why

Denison Mines Corp. (TSE:DML) (NYSE:DNN)’s stock price reached a new 52-week high on Friday . The stock traded as high as C$4.88 and last traded at C$4.82, with a volume of 1426269 shares trading hands. The stock had previously closed at C$4.62.

Analysts Set New Price Targets

Separately, National Bankshares dropped their price objective on shares of Denison Mines from C$5.00 to C$4.85 and set an “outperform” rating on the stock in a report on Monday. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$4.01.

Denison Mines Price Performance

The stock has a market cap of C$4.17 billion, a price-to-earnings ratio of -21.14, a P/E/G ratio of 1.42 and a beta of 1.68. The company’s fifty day simple moving average is C$3.73 and its two-hundred day simple moving average is C$3.41.

Denison Mines (TSE:DML) (NYSE:DNN) last issued its quarterly earnings data on Friday, November 7th. The company reported C($0.15) earnings per share (EPS) for the quarter. Denison Mines had a net margin of 1,029.20% and a negative return on equity of 4.41%. The business had revenue of C$1.05 million for the quarter. On average, analysts forecast that Denison Mines Corp. will post -0.01 earnings per share for the current year.

Denison Mines Company Profile

Denison Mines Corp is a uranium exploration and development company with interests focused in the Athabasca Basin region of northern Saskatchewan, Canada. The company has an effective 95% interest in its flagship Wheeler River Uranium Project, which is the largest undeveloped uranium project in the infrastructure rich eastern portion of the Athabasca Basin region of northern Saskatchewan. The company is also engaged in mine decommissioning and environmental services through its Closed Mines group, which manages its Elliot Lake reclamation projects and provides third-party post-closure mine care and maintenance services.