Denison Mines (TSE:DML) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

Shares of Denison Mines Corp. (TSE:DML) (NYSE:DNN) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$4.36 and traded as high as C$4.84. Denison Mines shares last traded at C$4.75, with a volume of 2,469,119 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. TD Securities lifted their price target on shares of Denison Mines from C$6.00 to C$6.50 and gave the company a “buy” rating in a report on Thursday, March 12th. National Bank Financial upped their price objective on Denison Mines from C$4.85 to C$6.00 and gave the stock an “outperform” rating in a report on Friday, February 6th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Denison Mines currently has an average rating of “Buy” and an average price target of C$6.25.

Denison Mines Trading Up 2.4%

The company has a market capitalization of C$4.29 billion, a PE ratio of -19.79, a P/E/G ratio of 1.42 and a beta of 1.18. The company has a debt-to-equity ratio of 166.80, a quick ratio of 3.12 and a current ratio of 10.75. The business has a fifty day moving average price of C$5.28 and a 200 day moving average price of C$4.36.

Insiders Place Their Bets

In other Denison Mines news, Director David Daniel Cates sold 360,000 shares of Denison Mines stock in a transaction that occurred on 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 transaction, the director directly owned 1,760,000 shares of the company’s stock, valued at C$10,243,200. The trade was a 16.98% decrease in their ownership of the stock. 0.31% of the stock is currently owned by company insiders.

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.