Denison Mines (TSE:DML) Reaches New 12-Month Low - Time to Sell?

Denison Mines Corp. (TSE:DML - Get Free Report) NYSE: DNN's stock price reached a new 52-week low on Monday . The stock traded as low as C$1.85 and last traded at C$1.88, with a volume of 256415 shares changing hands. The stock had previously closed at C$1.91.

Analyst Upgrades and Downgrades

A number of research firms recently commented on DML. Scotiabank lowered their price objective on shares of Denison Mines from C$4.75 to C$3.75 and set an "outperform" rating for the company in a research report on Tuesday, March 25th. National Bankshares cut their price objective on shares of Denison Mines from C$4.15 to C$3.75 and set an "outperform" rating for the company in a report on Wednesday. Finally, 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 research report on Monday, March 17th. Five analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of C$3.49.

Denison Mines Stock Down 4.0 %

The company has a market capitalization of C$1.54 billion, a PE ratio of -56.58, a P/E/G ratio of 1.42 and a beta of 1.89. The stock has a 50-day moving average of C$2.24 and a 200 day moving average of C$2.63.

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.