Denison Mines (TSE:DML) Share Price Passes Above 200-Day Moving Average – Here’s Why

Denison Mines Corp. (TSE:DML) (NYSE:DNN)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$3.09 and traded as high as C$3.64. Denison Mines shares last traded at C$3.60, with a volume of 1,824,877 shares.

Analyst Ratings Changes

Several research analysts recently weighed in on DML shares. TD Securities lifted their price target on Denison Mines from C$3.50 to C$3.75 and gave the company a “buy” rating in a research report on Monday, August 11th. Desjardins raised Denison Mines to a “moderate buy” rating in a research note on Monday, August 18th. Finally, National Bankshares raised their target price on shares of Denison Mines from C$3.90 to C$4.50 and gave the stock an “outperform” rating in a research note on Wednesday, September 24th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Denison Mines presently has a consensus rating of “Buy” and an average target price of C$3.93.

Denison Mines Trading Up 1.1%

The stock has a market cap of C$3.23 billion, a price-to-earnings ratio of -16.36, a P/E/G ratio of 1.42 and a beta of 1.68. The company’s fifty day moving average is C$3.84 and its two-hundred day moving average is C$3.10.

Denison Mines (TSE:DML) (NYSE:DNN) last issued its quarterly earnings data on Friday, November 7th. The company reported C($0.15) earnings per share for the quarter. The firm had revenue of C$1.05 million during the quarter. Denison Mines had a net margin of 1,029.20% and a negative return on equity of 4.41%. 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.