Denison Mines (TSE:DML) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Denison Mines Corp. (TSE:DML) (NYSE:DNN)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$2.67 and traded as high as C$2.97. Denison Mines shares last traded at C$2.93, with a volume of 3,644,489 shares.

Analyst Ratings Changes

Several equities research analysts have issued reports on DML shares. CIBC set a C$3.25 price target on shares of Denison Mines and gave the stock an “outperform” rating in a research note on Thursday, September 26th. BMO Capital Markets raised shares of Denison Mines from a “market perform” rating to an “outperform” rating and set a C$3.00 target price on the stock in a research report on Wednesday, September 25th. National Bankshares boosted their target price on shares of Denison Mines from C$3.50 to C$4.15 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Cibc World Mkts upgraded shares of Denison Mines to a “strong-buy” rating in a research note on Thursday, September 26th. Finally, National Bank Financial raised shares of Denison Mines to a “strong-buy” rating in a report on Tuesday, September 3rd. Five research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, Denison Mines currently has a consensus rating of “Buy” and a consensus target price of C$3.57.

Denison Mines Stock Down 1.7 %

The business has a 50 day moving average of C$2.50 and a 200 day moving average of C$2.67. The company has a debt-to-equity ratio of 0.07, a current ratio of 6.94 and a quick ratio of 3.12. The firm has a market capitalization of C$2.61 billion, a price-to-earnings ratio of 48.83, a price-to-earnings-growth ratio of 1.42 and a beta of 1.89.

Denison Mines (TSE:DML) (NYSE:DNN) last announced its earnings results on Thursday, August 8th. The company reported C($0.02) earnings per share for the quarter, meeting analysts’ consensus estimates of C($0.02). The company had revenue of C$1.33 million during the quarter, compared to analyst estimates of C$1.10 million. Denison Mines had a return on equity of 10.60% and a net margin of 1,412.07%. On average, equities analysts anticipate that Denison Mines Corp. will post -0.01 EPS for the current 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.