Denison Mines (TSE:DML) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Denison Mines Corp. (TSE:DML) (NYSE:DNN)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$3.24 and traded as high as C$3.60. Denison Mines shares last traded at C$3.58, with a volume of 2,658,711 shares traded.

Analysts Set New Price Targets

Separately, National Bankshares lifted their price objective on shares of Denison Mines from C$3.90 to C$4.50 and gave the company an “outperform” rating in a research note on Wednesday, September 24th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$3.93.

Denison Mines Trading Up 2.0%

The firm has a market capitalization of C$3.21 billion, a price-to-earnings ratio of -16.27, a PEG ratio of 1.42 and a beta of 1.71. The stock’s 50-day moving average is C$3.80 and its 200-day moving average is C$3.24.

Denison Mines (TSE:DML) (NYSE:DNN) last released its quarterly earnings data on Friday, November 7th. The company reported C($0.15) earnings per share for the quarter. Denison Mines had a net margin of 1,029.20% and a negative return on equity of 4.41%. The firm had revenue of C$1.05 million for the quarter. On average, equities research analysts anticipate that Denison Mines Corp. will post -0.01 EPS for the current fiscal year.

About Denison Mines

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.