Denison Mines (TSE:DML) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Denison Mines Corp. (TSE:DML) (NYSE:DNN) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$2.67 and traded as high as C$2.96. Denison Mines shares last traded at C$2.88, with a volume of 1,914,895 shares trading hands.

Analysts Set New Price Targets

DML has been the topic of a number of recent research reports. Cibc World Mkts upgraded shares of Denison Mines to a “strong-buy” rating in a research report on Thursday, September 26th. National Bank Financial upgraded shares of Denison Mines to a “strong-buy” rating in a research report on Tuesday, September 3rd. BMO Capital Markets upgraded shares of Denison Mines from a “market perform” rating to an “outperform” rating and set a C$3.00 price target on the stock in a research report on Wednesday, September 25th. National Bankshares increased their price target on shares of Denison Mines from C$3.50 to C$4.15 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, CIBC set a C$3.25 price target on shares of Denison Mines and gave the company an “outperform” rating in a research report on Thursday, September 26th. Five investment analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$3.57.

Denison Mines Trading Down 2.0 %

The firm has a market cap of C$2.57 billion, a P/E ratio of 48.00, a PEG ratio of 1.42 and a beta of 1.89. The firm’s fifty day moving average is C$2.58 and its two-hundred day moving average is C$2.67. The company has a quick ratio of 3.12, a current ratio of 6.94 and a debt-to-equity ratio of 0.07.

Denison Mines (TSE:DML) (NYSE:DNN) last released its quarterly earnings results on Thursday, August 8th. The company reported C($0.02) earnings per share for the quarter, meeting the consensus estimate of C($0.02). The business had revenue of C$1.33 million for the quarter, compared to analysts’ expectations of C$1.10 million. Denison Mines had a net margin of 1,412.07% and a return on equity of 10.60%. Analysts predict that Denison Mines Corp. will post -0.01 earnings per share for the current fiscal year.

Denison Mines Company Profile

Denison Mines Corp. engages in the acquisition, exploration, and development of uranium bearing properties in Canada. Its flagship project is the Wheeler River uranium project covering an area of approximately 300,000 hectares located in the Athabasca Basin region in northern Saskatchewan. The company was formerly known as International Uranium Corporation and changed its name to Denison Mines Corp.