Denison Mines (NYSEAMERICAN:DNN) Shares Pass Above Two Hundred Day Moving Average of $0.00

Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.00 and traded as high as $2.04. Denison Mines shares last traded at $2.02, with a volume of 18,170,328 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Denison Mines to a “sell” rating in a research report on Friday, April 5th.

Denison Mines Stock Performance

The company has a market capitalization of $1.80 billion, a PE ratio of 25.25 and a beta of 1.68.

Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) last posted its earnings results on Wednesday, February 28th. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.04. The company had revenue of $0.80 million during the quarter. Denison Mines had a net margin of 1,069.10% and a return on equity of 17.41%. On average, equities research analysts forecast that Denison Mines Corp. will post -0.01 earnings per share for the current year.

Institutional Trading of Denison Mines

Several hedge funds and other institutional investors have recently bought and sold shares of DNN. Glenorchy Capital Ltd acquired a new position in shares of Denison Mines in the 4th quarter valued at approximately $25,000. Sigma Planning Corp bought a new stake in shares of Denison Mines during the 3rd quarter valued at approximately $32,000. Avantax Advisory Services Inc. grew its holdings in Denison Mines by 47.6% during the 4th quarter. Avantax Advisory Services Inc. now owns 18,600 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 6,000 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in Denison Mines during the 4th quarter worth approximately $34,000. Finally, &PARTNERS bought a new stake in Denison Mines during the 1st quarter worth approximately $34,000. Institutional investors and hedge funds own 36.74% of the company’s stock.

About Denison Mines

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.