Denison Mines (TSE:DML) Reaches New 52-Week Low – Here’s Why

Denison Mines Corp. (TSE:DML) (NYSE:DNN)’s share price hit 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. The stock had previously closed at C$1.91.

Analyst Upgrades and Downgrades

DML has been the topic of a number of analyst reports. 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 report on Monday, March 17th. Scotiabank reduced their price target on Denison Mines from C$4.75 to C$3.75 and set an “outperform” rating on the stock in a research report on Tuesday, March 25th. Finally, National Bankshares cut their target price on Denison Mines from C$4.30 to C$4.15 and set an “outperform” rating for the company in a research report on Monday, March 17th. Five research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Denison Mines presently has a consensus rating of “Buy” and a consensus price target of C$3.57.

Denison Mines Price Performance

The firm’s 50-day simple moving average is C$2.28 and its 200 day simple moving average is C$2.64. The firm has a market capitalization of C$1.70 billion, a price-to-earnings ratio of -62.58, a P/E/G 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.