Denison Mines (TSE:DML) Sets New 1-Year High at $3.19

Shares of Denison Mines Corp. (TSE:DML) (NYSE:DNN) reached a new 52-week high on Friday . The stock traded as high as C$3.19 and last traded at C$3.16, with a volume of 478032 shares. The stock had previously closed at C$3.09.

Wall Street Analyst Weigh In

Several research firms have commented on DML. Raymond James raised their target price on shares of Denison Mines from C$3.00 to C$3.50 in a research note on Tuesday, April 23rd. TD Securities increased their price target on Denison Mines from C$3.50 to C$3.75 and gave the company a “speculative buy” rating in a research note on Monday, March 4th.

Denison Mines Stock Up 2.3 %

The company has a market cap of C$2.82 billion, a P/E ratio of 38.63, a PEG ratio of 1.42 and a beta of 1.89. The business’s 50 day moving average price is C$2.81 and its 200-day moving average price is C$2.59. The company has a debt-to-equity ratio of 0.07, a current ratio of 6.68 and a quick ratio of 3.12.

Denison Mines (TSE:DML) (NYSE:DNN) last posted its quarterly earnings data on Thursday, February 29th. The company reported C$0.04 EPS for the quarter, topping analysts’ consensus estimates of C($0.02) by C$0.06. The company had revenue of C$1.09 million for the quarter. Denison Mines had a return on equity of 13.47% and a net margin of 1,986.78%. On average, analysts anticipate that Denison Mines Corp. will post -0.01 earnings per share for the current fiscal year.

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.