Shares of Denison Mines Corp. (TSE:DML – Get Rating) (NYSE:DNN) shot up 1.7% on Thursday . The stock traded as high as C$1.81 and last traded at C$1.80. 210,352 shares changed hands during trading, a decline of 93% from the average session volume of 3,124,126 shares. The stock had previously closed at C$1.77.
Analysts Set New Price Targets
Several brokerages recently weighed in on DML. TD Securities upgraded Denison Mines from a "hold" rating to a "buy" rating and set a C$2.50 target price on the stock in a research note on Friday, May 27th. Raymond James lowered their price target on Denison Mines from C$2.80 to C$2.60 and set an "outperform" rating for the company in a research report on Tuesday, July 19th.
Get Denison Mines alerts:Denison Mines Stock Performance
The stock has a 50-day simple moving average of C$1.52 and a 200 day simple moving average of C$1.66. The company has a current ratio of 3.89, a quick ratio of 3.69 and a debt-to-equity ratio of 0.13. The company has a market cap of C$1.55 billion and a price-to-earnings ratio of 31.67.
Denison Mines (TSE:DML – Get Rating) (NYSE:DNN) last issued its quarterly earnings data on Thursday, August 4th. The company reported C($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.01) by C($0.01). The firm had revenue of C$6.80 million during the quarter. As a group, equities research analysts predict that Denison Mines Corp. will post -0.01 EPS for the current fiscal year.Insider Activity
In other news, Senior Officer David Lionel Bronkhorst sold 135,000 shares of the business's stock in a transaction dated Friday, June 24th. The stock was sold at an average price of C$1.35, for a total value of C$181,710.00. Following the completion of the transaction, the insider now owns 400 shares of the company's stock, valued at approximately C$538.40.
About Denison Mines
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Denison Mines Corp. engages in the acquisition, exploration, development, extraction, processing, selling of, and investing in uranium properties in Canada. Its flagship project is the 95% interest owned Wheeler River uranium project 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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