Denison Mines (TSE:DML) Stock Price Up 12.3% – What’s Next?

Denison Mines Corp. (TSE:DML) (NYSE:DNN)’s stock price traded up 12.3% during mid-day trading on Thursday . The company traded as high as C$1.83 and last traded at C$1.83. 3,607,608 shares were traded during mid-day trading, an increase of 63% from the average session volume of 2,218,163 shares. The stock had previously closed at C$1.63.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Desjardins raised Denison Mines to a “moderate buy” rating in a research report on Thursday, April 3rd. National Bankshares cut their price target on shares of Denison Mines from C$4.15 to C$3.75 and set an “outperform” rating for the company in a report on Wednesday, April 2nd. Raymond James cut their price objective on Denison Mines from C$3.90 to C$3.70 and set an “outperform” rating for the company in a report on Monday, March 17th. Finally, Scotiabank lowered their price target on Denison Mines from C$4.75 to C$3.75 and set an “outperform” rating on the stock in a research report on Tuesday, March 25th. Five equities research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$3.49.

Denison Mines Trading Up 5.8 %

The stock’s fifty day moving average price is C$2.09 and its 200 day moving average price is C$2.60. The stock has a market cap of C$1.64 billion, a P/E ratio of -60.58, a PEG ratio of 1.42 and a beta of 1.89.

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.