Denison Mine (NYSEAMERICAN:DNN) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

Shares of Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.25 and traded as high as $4.02. Denison Mine shares last traded at $3.92, with a volume of 25,456,086 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Roth Mkm reissued a “buy” rating and set a $4.25 price objective on shares of Denison Mine in a research report on Wednesday, February 18th. Zacks Research raised shares of Denison Mine from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 11th. Raymond James Financial reissued an “outperform” rating on shares of Denison Mine in a research report on Wednesday, January 14th. TD Securities increased their price objective on shares of Denison Mine from $6.00 to $6.50 and gave the stock a “buy” rating in a research report on Thursday, March 12th. Finally, Scotiabank reissued an “outperform” rating on shares of Denison Mine in a research report on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. According to MarketBeat, Denison Mine has a consensus rating of “Buy” and a consensus target price of $5.38.

Denison Mine Stock Down 1.0%

The company has a market cap of $3.51 billion, a price-to-earnings ratio of -22.82 and a beta of 1.25. The company has a debt-to-equity ratio of 1.66, a quick ratio of 10.51 and a current ratio of 10.75. The stock’s fifty day moving average is $3.80 and its two-hundred day moving average is $3.26.

Hedge Funds Weigh In On Denison Mine

Several large investors have recently added to or reduced their stakes in DNN. SG Americas Securities LLC bought a new position in Denison Mine in the 4th quarter valued at about $27,000. Summitry LLC bought a new position in Denison Mine in the 4th quarter valued at about $27,000. First Citizens Bank & Trust Co. bought a new position in shares of Denison Mine during the 4th quarter worth approximately $27,000. Invesco Ltd. bought a new position in shares of Denison Mine during the 4th quarter worth approximately $27,000. Finally, Ritter Daniher Financial Advisory LLC DE bought a new position in shares of Denison Mine during the 3rd quarter worth approximately $28,000. Institutional investors own 36.74% of the company’s stock.

Denison Mine Company Profile

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.