Denison Mines (TSE:DML) Hits New 1-Year High After Analyst Upgrade

Denison Mines Corp. (TSE:DML - Get Free Report) NYSE: DNN hit a new 52-week high during mid-day trading on Monday after Scotiabank raised their price target on the stock from C$4.00 to C$4.50. The company traded as high as C$3.39 and last traded at C$3.37, with a volume of 10000 shares traded. The stock had previously closed at C$3.32.

Several other research firms also recently commented on DML. Cibc World Mkts upgraded shares of Denison Mines to a "strong-buy" rating in a research report on Thursday, September 26th. Raymond James boosted their price target on shares of Denison Mines from C$3.50 to C$3.90 in a research report on Friday. BMO Capital Markets raised shares of Denison Mines from a "market perform" rating to an "outperform" rating and set a C$3.00 price target for the company in a report on Wednesday, September 25th. CIBC set a C$3.25 price objective on Denison Mines and gave the company an "outperform" rating in a research report on Thursday, September 26th. Finally, National Bankshares lifted their target price on Denison Mines from C$3.50 to C$4.15 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Five research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of C$3.76.

Insider Activity

In related news, Senior Officer Andrew Alan Yackulic sold 45,500 shares of Denison Mines stock in a transaction dated Monday, November 11th. The shares were sold at an average price of C$2.84, for a total transaction of C$129,124.45. Insiders own 0.31% of the company's stock.

Denison Mines Stock Down 2.4 %

The company has a quick ratio of 3.12, a current ratio of 6.94 and a debt-to-equity ratio of 0.07. The stock has a market cap of C$2.89 billion, a P/E ratio of 53.50, a P/E/G ratio of 1.42 and a beta of 1.89. The company's 50 day moving average price is C$2.78 and its two-hundred day moving average price is C$2.69.

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.