Denison Mines (TSE:DML) Hits New 12-Month Low – What’s Next?

Denison Mines Corp. (TSE:DML) (NYSE:DNN)’s stock price hit a new 52-week low during mid-day trading on Monday. The company traded as low as C$2.95 and last traded at C$2.96, with a volume of 2,046,719 shares traded. The stock had previously closed at C$3.07.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on DML. National Bank Financial set a C$6.50 price target on Denison Mines and gave the stock an “outperform” rating in a research report on Monday, September 21st. Royal Bank Of Canada set a C$6.00 price objective on Denison Mines and gave the company an “outperform” rating in a report on Tuesday, July 14th. Ventum Financial set a C$5.50 price objective on Denison Mines and gave the company a “buy” rating in a research note on Monday, August 24th. Finally, Jefferies Financial Group set a C$5.20 target price on Denison Mines and gave the stock a “buy” rating in a report on Thursday, September 3rd. Five equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, Denison Mines currently has an average rating of “Buy” and an average target price of C$5.94.

Denison Mines Stock Performance

The stock has a market cap of C$2.69 billion, a price-to-earnings ratio of -9.58, a price-to-earnings-growth ratio of 1.42 and a beta of 2.07. The company has a debt-to-equity ratio of 237.89, a quick ratio of 3.12 and a current ratio of 9.41. The stock’s 50-day simple moving average is C$3.90 and its two-hundred day simple moving average is C$4.61.

Denison Mines (TSE:DML) (NYSE:DNN) last issued its quarterly earnings results on Wednesday, August 12th. The company reported C($0.03) earnings per share (EPS) for the quarter. The business had revenue of C$0.72 million during the quarter. Denison Mines had a negative net margin of 6,732.67% and a negative return on equity of 83.49%. Analysts forecast that Denison Mines Corp. will post -0.01 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Laurie Sterritt sold 23,000 shares of the stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of C$5.22, for a total transaction of C$120,060.00. 0.31% of the stock is currently owned by insiders.

Denison Mines Company Profile

Denison Mines Corp. is a Canadian uranium exploration company operating in northern Saskatchewan. The portfolio comprises roughly 237,000 ha across multiple underexplored 100% owned and Cosa-operated joint venture projects in the Athabasca Basin region, the majority of which reside within or adjacent to established uranium corridors. In January of 2025, the Company entered a transformative strategic collaboration with Denison Mines (TSX: DML) (NYSE American: DNN) that has secured access to several additional highly prospective eastern Athabasca uranium exploration projects.