Denison Mines (TSE:DML) Shares Cross Above 200 Day Moving Average of $1.66

Denison Mines Corp. (TSE:DMLGet Rating) (NYSE:DNN) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$1.66 and traded as high as C$1.84. Denison Mines shares last traded at C$1.73, with a volume of 2,059,420 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on DML shares. TD Securities raised Denison Mines from a “hold” rating to a “buy” rating and set a C$2.50 target price for the company in a research report on Friday, May 27th. Raymond James decreased their target price on Denison Mines from C$2.80 to C$2.60 and set an “outperform” rating for the company in a research report on Tuesday, July 19th.

Denison Mines Trading Down 6.5 %

The stock has a market capitalization of C$1.42 billion and a P/E ratio of 28.83. The company has a current ratio of 3.89, a quick ratio of 3.69 and a debt-to-equity ratio of 0.13. The company has a 50-day moving average price of C$1.56 and a 200 day moving average price of C$1.66.

Denison Mines (TSE:DMLGet Rating) (NYSE:DNN) last released its quarterly earnings results on Thursday, August 4th. The company reported C($0.02) EPS for the quarter, missing the consensus estimate of C($0.01) by C($0.01). The firm had revenue of C$6.80 million during the quarter. On average, research analysts forecast that Denison Mines Corp. will post -0.01 earnings per share for the current fiscal year.

Insider Transactions at Denison Mines

In related news, Senior Officer David Lionel Bronkhorst sold 135,000 shares of the business’s stock in a transaction on Friday, June 24th. The stock was sold at an average price of C$1.35, for a total transaction of C$181,710.00. Following the transaction, the insider now directly owns 400 shares in the company, valued at approximately C$538.40.

About Denison Mines

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Denison Mines Corp. engages in the acquisition, exploration, development, extraction, processing, selling of, and investing in uranium properties in Canada. Its flagship project is the 95% interest owned Wheeler River uranium project 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.

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