Denison Mines Corp. (TSE:DML - Get Free Report) NYSE: DNN shares dropped 7.9% on Monday . The stock traded as low as C$1.74 and last traded at C$1.74. Approximately 1,031,088 shares were traded during trading, a decline of 53% from the average daily volume of 2,185,113 shares. The stock had previously closed at C$1.89.
Wall Street Analyst Weigh In
DML has been the topic of several research reports. Desjardins upgraded shares of Denison Mines to a "moderate buy" rating in a report on Thursday, April 3rd. National Bankshares reduced their price objective on Denison Mines from C$4.15 to C$3.75 and set an "outperform" rating for the company in a research report on Wednesday, April 2nd. Scotiabank reduced their price target 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. Finally, Raymond James decreased their target price on shares of Denison Mines from C$3.90 to C$3.70 and set an "outperform" rating on the stock in a research note on Monday, March 17th. Five investment analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of C$3.49.
View Our Latest Research Report on Denison Mines
Denison Mines Price Performance
The firm has a market capitalization of C$1.79 billion, a PE ratio of -65.90, 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$1.98 and a 200-day simple moving average of C$2.57.
About Denison Mines
(
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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.
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