Denison Mines (TSE:DML) Reaches New 12-Month High – Here’s Why

Denison Mines Corp. (TSE:DML) (NYSE:DNN) shares hit a new 52-week high on Wednesday . The company traded as high as C$5.55 and last traded at C$5.54, with a volume of 1375653 shares trading hands. The stock had previously closed at C$5.35.

Analyst Ratings Changes

Separately, National Bankshares dropped their price objective on Denison Mines from C$5.00 to C$4.85 and set an “outperform” rating for the company in a report on Monday, January 5th. Four analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$4.01.

Denison Mines Trading Down 5.9%

The firm has a market cap of C$4.83 billion, a PE ratio of -24.45, a P/E/G ratio of 1.42 and a beta of 1.68. The stock’s 50 day moving average price is C$4.18 and its 200 day moving average price is C$3.69.

Denison Mines (TSE:DML) (NYSE:DNN) last announced its quarterly earnings results on Friday, November 7th. The company reported C($0.15) earnings per share for the quarter. Denison Mines had a negative return on equity of 4.41% and a net margin of 1,029.20%.The business had revenue of C$1.05 million for the quarter. Analysts forecast that Denison Mines Corp. will post -0.01 earnings per share for the current year.

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.