Denison Mines (TSE:DML) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Denison Mines Corp. (TSE:DML) (NYSE:DNN)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$4.29 and traded as high as C$4.90. Denison Mines shares last traded at C$4.83, with a volume of 3,241,614 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. TD Securities boosted their target price on Denison Mines from C$6.00 to C$6.50 and gave the stock a “buy” rating in a report on Thursday, March 12th. National Bank Financial lifted their price target on Denison Mines from C$4.85 to C$6.00 and gave the company an “outperform” rating in a research report on Friday, February 6th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$5.42.

Denison Mines Stock Down 3.4%

The company has a market capitalization of C$4.33 billion, a price-to-earnings ratio of -21.95, a price-to-earnings-growth ratio of 1.42 and a beta of 1.18. The company has a quick ratio of 3.12, a current ratio of 10.75 and a debt-to-equity ratio of 166.80. The business has a 50-day moving average price of C$5.29 and a 200-day moving average price of C$4.29.

Insider Buying and Selling

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

Denison Mines Company Profile

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.