Denison Mines (TSE:DML) Reaches New 1-Year Low – Here’s What Happened

Denison Mines Corp. (TSE:DML) (NYSE:DNN)’s stock price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$1.90 and last traded at C$1.91, with a volume of 755884 shares. The stock had previously closed at C$2.02.

Wall Street Analyst Weigh In

Several research firms have issued reports on DML. Raymond James increased their price objective on Denison Mines from C$3.50 to C$3.90 in a research report on Friday, November 22nd. Scotiabank increased their price objective on Denison Mines from C$4.00 to C$4.50 in a research report on Monday, November 25th. Four research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$3.76.

Denison Mines Price Performance

The firm has a market cap of C$1.78 billion, a PE ratio of -65.57, a PEG ratio of 1.42 and a beta of 1.89. The business has a 50-day moving average price of C$2.51 and a two-hundred day moving average price of C$2.65.

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.