Denison Mines (NYSEAMERICAN:DNN) Hits New 12-Month Low - Time to Sell?

Denison Mines Corp. (NYSEAMERICAN:DNN - Get Free Report) TSE: DML's share price reached a new 52-week low during trading on Monday . The company traded as low as $1.08 and last traded at $1.12, with a volume of 4030857 shares. The stock had previously closed at $1.19.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Scotiabank reissued an "outperform" rating on shares of Denison Mines in a report on Tuesday, March 25th. Desjardins began coverage on shares of Denison Mines in a research note on Friday, April 4th. They issued a "buy" rating on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $3.00.

Denison Mines Stock Performance

The company has a fifty day simple moving average of $1.50 and a 200 day simple moving average of $1.85. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of -131.00 and a beta of 1.75.

Institutional Trading of Denison Mines

Large investors have recently bought and sold shares of the business. Oxford Asset Management LLP acquired a new stake in Denison Mines in the fourth quarter worth $26,000. Vantage Point Financial LLC acquired a new position in Denison Mines during the 4th quarter worth approximately $34,000. Commonwealth Equity Services LLC boosted its holdings in Denison Mines by 74.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 19,964 shares of the basic materials company's stock worth $36,000 after acquiring an additional 8,500 shares in the last quarter. Headlands Technologies LLC acquired a new stake in Denison Mines in the fourth quarter valued at approximately $38,000. Finally, Bayesian Capital Management LP bought a new position in shares of Denison Mines in the 4th quarter worth $44,000. 36.74% of the stock is currently owned by institutional investors and hedge funds.

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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.