Denison Mines (TSE:DML) Sets New 12-Month Low - Here's What Happened

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 company traded as low as C$1.90 and last traded at C$1.91, with a volume of 755884 shares. The stock had previously closed at C$2.02.

Analyst Ratings Changes

A number of brokerages have weighed in on DML. Scotiabank upped their price target on shares of Denison Mines from C$4.00 to C$4.50 in a report on Monday, November 25th. Raymond James raised their target price on shares of Denison Mines from C$3.50 to C$3.90 in a report on Friday, November 22nd. Four research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of C$3.76.

Denison Mines Trading Up 1.5 %

The firm's 50-day simple moving average is C$2.48 and its two-hundred day simple moving average is C$2.65. The stock has a market capitalization of C$1.84 billion, a PE ratio of -67.90, a PEG ratio of 1.42 and a beta of 1.89.

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.