Denison Mines (TSE:DML) Shares Pass Above 200 Day Moving Average – Time to Sell?

Denison Mines Corp. (TSE:DML) (NYSE:DNN)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$4.56 and traded as high as C$5.45. Denison Mines shares last traded at C$5.20, with a volume of 2,932,165 shares changing hands.

Analyst Ratings Changes

DML has been the topic of several research reports. TD Securities lifted 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 target price on Denison Mines from C$6.00 to C$6.50 and gave the stock an “outperform” rating in a report on Friday, April 17th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Denison Mines presently has an average rating of “Buy” and an average price target of C$6.50.

Denison Mines Trading Down 3.0%

The firm has a market capitalization of C$4.70 billion, a PE ratio of -21.67, a PEG ratio of 1.42 and a beta of 1.27. The company’s 50-day moving average price is C$5.22 and its 200-day moving average price is C$4.56. The company has a debt-to-equity ratio of 166.80, a quick ratio of 3.12 and a current ratio of 10.75.

Insiders Place Their Bets

In related news, Director David Daniel Cates sold 360,000 shares of the business’s stock in a transaction on 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 completion of the sale, 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.

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.