Shares of Denison Mines Corp. (TSE:DML – Get Free Report) (NYSE:DNN) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$2.54 and traded as high as C$2.97. Denison Mines shares last traded at C$2.87, with a volume of 2,125,611 shares trading hands.
Analyst Ratings Changes
A number of research firms recently weighed in on DML. Raymond James increased their price objective on Denison Mines from C$3.00 to C$3.50 in a report on Tuesday, April 23rd. TD Securities raised their price objective on Denison Mines from C$3.50 to C$3.75 and gave the stock a “speculative buy” rating in a research report on Monday, March 4th.
Read Our Latest Analysis on Denison Mines
Denison Mines Stock Performance
Denison Mines (TSE:DML – Get Free Report) (NYSE:DNN) last released its earnings results on Thursday, February 29th. The company reported C$0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C($0.02) by C$0.06. The company had revenue of C$1.09 million for the quarter. Denison Mines had a net margin of 4,871.97% and a return on equity of 16.58%. Analysts forecast that Denison Mines Corp. will post -0.01 earnings per share for the current fiscal year.
About Denison Mines
Denison Mines Corp. engages in the acquisition, exploration, and development of uranium bearing properties in Canada. Its flagship project is the Wheeler River uranium project covering an area of approximately 300,000 hectares located in the Athabasca Basin region in northern Saskatchewan. The company was formerly known as International Uranium Corporation and changed its name to Denison Mines Corp.
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