Denison Mines (TSE:DML) Reaches New 1-Year High – Still a Buy?

Shares of Denison Mines Corp. (TSE:DML) (NYSE:DNN) reached a new 52-week high on Wednesday . The company traded as high as C$5.55 and last traded at C$5.54, with a volume of 1375653 shares trading hands. The stock had previously closed at C$5.35.

Wall Street Analysts Forecast Growth

Separately, National Bankshares decreased their price objective on Denison Mines from C$5.00 to C$4.85 and set an “outperform” rating for the company in a research note on Monday, January 5th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$4.01.

Denison Mines Trading Up 5.4%

The firm’s fifty day moving average price is C$4.08 and its 200-day moving average price is C$3.67. The company has a market cap of C$5.06 billion, a price-to-earnings ratio of -25.64, a price-to-earnings-growth ratio of 1.42 and a beta of 1.68.

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

About Denison Mines

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.