Denison Mines (TSE:DML) Sets New 1-Year High – What’s Next?

Denison Mines Corp. (TSE:DML) (NYSE:DNN) hit a new 52-week high on Friday . The company traded as high as C$3.63 and last traded at C$3.61, with a volume of 670582 shares changing hands. The stock had previously closed at C$3.54.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on DML. Desjardins upgraded Denison Mines to a “moderate buy” rating in a research report on Monday, August 18th. TD Securities raised their price target on Denison Mines from C$3.50 to C$3.75 and gave the stock a “buy” rating in a research report on Monday, August 11th. Finally, National Bankshares set a C$3.75 target price on Denison Mines and gave the company an “outperform” rating in a research report on Tuesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$3.53.

Denison Mines Price Performance

The stock has a market capitalization of C$3.33 billion, a P/E ratio of -41.22, a P/E/G ratio of 1.42 and a beta of 1.66. The firm’s 50 day moving average price is C$3.03 and its 200 day moving average price is C$2.43.

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.