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

Denison Mines Corp. (TSE:DML) (NYSE:DNN) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$4.12 and traded as high as C$5.65. Denison Mines shares last traded at C$5.63, with a volume of 3,817,347 shares trading hands.

Analysts Set New Price Targets

Separately, National Bank Financial lifted their target price on Denison Mines from C$4.85 to C$6.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$4.30.

Denison Mines Price Performance

The stock has a market cap of C$5.05 billion, a PE ratio of -25.59, a PEG ratio of 1.42 and a beta of 1.83. The company has a current ratio of 11.97, a quick ratio of 3.12 and a debt-to-equity ratio of 73.18. The firm’s 50-day moving average price is C$5.03 and its two-hundred day moving average price is C$4.12.

Insider Activity at Denison Mines

In other news, Director David Daniel Cates sold 360,000 shares of the firm’s stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of C$5.82, for a total value of C$2,095,200.00. Following the sale, the director directly owned 1,760,000 shares in the company, valued at approximately C$10,243,200. This trade represents a 16.98% decrease in their position. Insiders own 0.31% of the company’s stock.

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. The company is also engaged in mine decommissioning and environmental services through its Closed Mines group, which manages its Elliot Lake reclamation projects and provides third-party post-closure mine care and maintenance services.