Denison Mines (TSE:DML) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Denison Mines Corp. (TSE:DML) (NYSE:DNN)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$3.87 and traded as high as C$5.36. Denison Mines shares last traded at C$5.16, with a volume of 3,716,190 shares changing hands.

Analyst Ratings Changes

Separately, National Bank Financial increased their price target on shares of Denison Mines from C$4.85 to C$6.00 and gave the company an “outperform” rating in a research note on Friday, February 6th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$4.30.

Denison Mines Stock Performance

The business has a fifty day moving average of C$4.54 and a two-hundred day moving average of C$3.87. The firm has a market capitalization of C$4.63 billion, a price-to-earnings ratio of -23.45, a price-to-earnings-growth ratio of 1.42 and a beta of 1.83.

Denison Mines (TSE:DML) (NYSE:DNN) last released its quarterly earnings data on Friday, November 7th. The company reported C($0.15) EPS for the quarter. The company 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%. As a group, sell-side analysts predict that Denison Mines Corp. will post -0.01 EPS for the current fiscal year.

Insider Buying and Selling

In other Denison Mines news, Director David Daniel Cates sold 360,000 shares of the stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of C$5.82, for a total value of C$2,095,200.00. Following the transaction, the director directly owned 1,760,000 shares of the company’s stock, valued at C$10,243,200. This represents a 16.98% decrease in their position. Company insiders own 0.31% of the company’s stock.

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.