Denison Mines (TSE:DML) Reaches New 1-Year High – Still a Buy?

Denison Mines Corp. (TSE:DML) (NYSE:DNN)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as C$5.35 and last traded at C$5.29, with a volume of 763499 shares. The stock had previously closed at C$5.20.

Wall Street Analyst Weigh In

Separately, National Bankshares lowered their price target on Denison Mines from C$5.00 to C$4.85 and set an “outperform” rating for the company in a report on Monday, January 5th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Denison Mines has an average rating of “Buy” and an average price target of C$4.01.

Denison Mines Price Performance

The company’s 50-day moving average price is C$3.93 and its 200-day moving average price is C$3.58. The company has a market cap of C$4.78 billion, a P/E ratio of -24.23, a P/E/G ratio of 1.42 and a beta of 1.68.

Denison Mines (TSE:DML) (NYSE:DNN) last announced its earnings results on Friday, November 7th. The company reported C($0.15) earnings per share for the quarter. The company had revenue of C$1.05 million during the quarter. Denison Mines had a negative return on equity of 4.41% and a net margin of 1,029.20%. On average, equities research analysts predict that Denison Mines Corp. will post -0.01 EPS for the current year.

About Denison Mines

Denison Mines Corp is a uranium exploration and development company with interests focused in the Athabasca Basin region of northern Saskatchewan, Canada. The company has an effective 95% interest in its flagship Wheeler River Uranium Project, which is the largest undeveloped uranium project in the infrastructure rich eastern portion of the Athabasca Basin region of northern Saskatchewan. The company is also engaged in mine decommissioning and environmental services through its Closed Mines group, which manages its Elliot Lake reclamation projects and provides third-party post-closure mine care and maintenance services.