Denison Mines (TSE:DML) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Denison Mines Corp. (TSE:DML) (NYSE:DNN)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$2.68 and traded as high as C$2.76. Denison Mines shares last traded at C$2.72, with a volume of 2,420,382 shares traded.

Analyst Ratings Changes

A number of research analysts have commented on DML shares. Scotiabank increased their price objective on Denison Mines from C$4.00 to C$4.50 in a research report on Monday, November 25th. BMO Capital Markets raised shares of Denison Mines from a “market perform” rating to an “outperform” rating and set a C$3.00 price target for the company in a research note on Wednesday, September 25th. Cibc World Mkts raised shares of Denison Mines to a “strong-buy” rating in a research note on Thursday, September 26th. CIBC set a C$3.25 target price on shares of Denison Mines and gave the stock an “outperform” rating in a report on Thursday, September 26th. Finally, National Bankshares increased their price target on Denison Mines from C$3.50 to C$4.15 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Five research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$3.76.

Denison Mines Stock Up 1.5 %

The company has a quick ratio of 3.12, a current ratio of 6.94 and a debt-to-equity ratio of 0.07. The company has a market capitalization of C$2.43 billion, a P/E ratio of 45.33, a P/E/G ratio of 1.42 and a beta of 1.89. The firm has a fifty day simple moving average of C$2.96 and a 200-day simple moving average of C$2.68.

Insider Buying and Selling

In related news, Senior Officer Andrew Alan Yackulic sold 45,500 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of C$2.84, for a total value of C$129,124.45. 0.31% of the stock is owned by company insiders.

Denison Mines Company Profile

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.