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

Denison Mines Corp. (TSE:DML) (NYSE:DNN) reached a new 52-week low during 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 changing hands. The stock had previously closed at C$2.02.

Wall Street Analysts Forecast Growth

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

Denison Mines Price Performance

The firm has a market capitalization of C$1.68 billion, a PE ratio of -61.91, a P/E/G ratio of 1.42 and a beta of 1.89. The business’s 50 day moving average is C$2.54 and its two-hundred day moving average is C$2.66.

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.