Denison Mines (TSE:DML) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Shares of Denison Mines Corp. (TSE:DMLGet Free Report) (NYSE:DNN) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$4.68 and traded as high as C$4.81. Denison Mines shares last traded at C$4.81, with a volume of 6,020,841 shares trading hands.

Analyst Ratings Changes

Several equities analysts recently issued reports on DML shares. National Bank Financial lifted their price target on shares of Denison Mines from C$6.00 to C$6.50 and gave the company an “outperform” rating in a report on Friday, April 17th. TD Securities raised their price objective on shares of Denison Mines from C$6.00 to C$6.50 and gave the company a “buy” rating in a research report on Thursday, March 12th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Denison Mines currently has a consensus rating of “Buy” and a consensus price target of C$6.50.

View Our Latest Stock Report on DML

Denison Mines Stock Performance

The firm’s 50-day moving average price is C$4.93 and its 200 day moving average price is C$4.68. The company has a debt-to-equity ratio of 280.62, a quick ratio of 3.12 and a current ratio of 13.77. The company has a market cap of C$4.35 billion, a price-to-earnings ratio of -15.03, a PEG ratio of 1.42 and a beta of 1.29.

Denison Mines (TSE:DMLGet Free Report) (NYSE:DNN) last issued its quarterly earnings results on Tuesday, May 12th. The company reported C($0.13) EPS for the quarter. Denison Mines had a negative return on equity of 73.67% and a negative net margin of 6,208.50%.The business had revenue of C$1.11 million for the quarter. On average, sell-side analysts anticipate that Denison Mines Corp. will post -0.01 EPS for the current year.

About Denison Mines

(Get Free Report)

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.

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