Denison Mines (TSE:DML) Sets New 52-Week High – What’s Next?

Denison Mines Corp. (TSE:DML) (NYSE:DNN) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as C$6.04 and last traded at C$5.89, with a volume of 927161 shares trading hands. The stock had previously closed at C$5.89.

Analyst Upgrades and Downgrades

Separately, National Bank Financial raised their price target on shares of Denison Mines from C$4.85 to C$6.00 and gave the company an “outperform” rating in a research note on Friday, February 6th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$4.30.

Denison Mines Stock Down 0.5%

The firm has a 50 day moving average of C$4.79 and a 200 day moving average of C$4.01. The firm has a market cap of C$5.26 billion, a PE ratio of -26.64, a P/E/G ratio of 1.42 and a beta of 1.83.

Insider Activity at Denison Mines

In other news, Director David Daniel Cates sold 360,000 shares of the business’s stock in a transaction dated Wednesday, January 28th. The stock was sold at an average price of C$5.82, for a total value of C$2,095,200.00. Following the transaction, the director directly owned 1,760,000 shares in the company, valued at C$10,243,200. The trade was a 16.98% decrease in their ownership of the stock. 0.31% of the stock is owned by insiders.

Denison Mines Company Profile

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.