Denison Mines (TSE:DML) Shares Cross Above 200 Day Moving Average – Should You Sell?

Shares of Denison Mines Corp. (TSE:DML) (NYSE:DNN) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$4.29 and traded as high as C$4.90. Denison Mines shares last traded at C$4.83, with a volume of 3,241,614 shares trading hands.

Analysts Set New Price Targets

DML has been the subject of a number of recent research reports. National Bank Financial increased their price objective on Denison Mines from C$4.85 to C$6.00 and gave the company an “outperform” rating in a report on Friday, February 6th. TD Securities increased their price target on Denison Mines from C$6.00 to C$6.50 and gave the company a “buy” rating in a research note on Thursday, March 12th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Denison Mines presently has an average rating of “Buy” and a consensus price target of C$5.42.

Denison Mines Price Performance

The stock has a market capitalization of C$4.14 billion, a P/E ratio of -19.13, a PEG ratio of 1.42 and a beta of 1.18. The company has a debt-to-equity ratio of 166.80, a quick ratio of 3.12 and a current ratio of 10.75. The business has a fifty day simple moving average of C$5.29 and a 200-day simple moving average of C$4.30.

Insider Buying and Selling at Denison Mines

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

Denison Mines Company Profile

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.