Denison Mine (NYSEAMERICAN:DNN) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.82 and traded as high as $3.94. Denison Mine shares last traded at $3.78, with a volume of 51,522,144 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Raymond James Financial reaffirmed an “outperform” rating on shares of Denison Mine in a research note on Wednesday, January 14th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Denison Mine Price Performance

The company has a current ratio of 11.97, a quick ratio of 11.78 and a debt-to-equity ratio of 1.49. The company has a market capitalization of $3.41 billion, a PE ratio of -25.20 and a beta of 1.25. The stock’s 50-day moving average is $3.32 and its two-hundred day moving average is $2.82.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Van ECK Associates Corp lifted its position in Denison Mine by 20.9% during the fourth quarter. Van ECK Associates Corp now owns 75,910,027 shares of the basic materials company’s stock valued at $201,916,000 after acquiring an additional 13,106,987 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Denison Mine by 4.0% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 52,332,391 shares of the basic materials company’s stock worth $144,051,000 after purchasing an additional 2,027,151 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Denison Mine by 80.6% during the 4th quarter. Vanguard Group Inc. now owns 23,960,755 shares of the basic materials company’s stock valued at $63,544,000 after purchasing an additional 10,696,852 shares during the last quarter. Two Sigma Investments LP boosted its position in shares of Denison Mine by 1,696.3% in the 3rd quarter. Two Sigma Investments LP now owns 17,026,392 shares of the basic materials company’s stock worth $46,823,000 after purchasing an additional 16,078,514 shares in the last quarter. Finally, L1 Capital Pty Ltd grew its stake in Denison Mine by 4,544.0% during the 3rd quarter. L1 Capital Pty Ltd now owns 14,007,218 shares of the basic materials company’s stock worth $38,520,000 after buying an additional 13,705,598 shares during the last quarter. Hedge funds and other institutional investors own 36.74% of the company’s stock.

About Denison Mine

Denison Mines Corp. (NYSEAMERICAN:DNN) is a Canada-based uranium exploration and development company focused on the Athabasca Basin region of Saskatchewan. The company’s core business is the discovery, evaluation and advancement of high-grade uranium projects that can supply fuel for the global nuclear power industry.

Denison’s flagship asset is the 66.9%-owned Wheeler River Project, one of the largest undeveloped high-grade uranium deposits in the Athabasca Basin. In addition to Wheeler River, Denison holds interests in several other exploration properties across northern Saskatchewan and maintains a strategic partnership in the McClean Lake uranium mill, providing it with downstream processing capabilities for future production.

Founded in 1974, Denison Mines has accumulated decades of geological expertise in one of the world’s most prolific uranium districts.