Denison Mines (TSE:DML) Hits New 1-Year Low - What's Next?

Denison Mines Corp. (TSE:DML - Get Free Report) NYSE: DNN's stock price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$1.58 and last traded at C$1.64, with a volume of 550107 shares trading hands. The stock had previously closed at C$1.70.

Analyst Upgrades and Downgrades

DML has been the topic of several recent analyst reports. Desjardins upgraded shares of Denison Mines to a "moderate buy" rating in a report on Thursday, April 3rd. National Bankshares decreased their target price on Denison Mines from C$4.15 to C$3.75 and set an "outperform" rating on the stock in a research report on Wednesday, April 2nd. Raymond James cut their price objective on shares of Denison Mines from C$3.90 to C$3.70 and set an "outperform" rating for the company in a report on Monday, March 17th. Finally, Scotiabank cut their target price on Denison Mines from C$4.75 to C$3.75 and set an "outperform" rating for the company in a research note on Tuesday, March 25th. Five equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of C$3.49.

Denison Mines Price Performance

The stock has a market cap of C$1.64 billion, a PE ratio of -60.58, a P/E/G ratio of 1.42 and a beta of 1.89. The business has a 50 day simple moving average of C$2.09 and a 200 day simple moving average of C$2.60.

About Denison Mines

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.