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

Denison Mines Corp. (TSE:DML) (NYSE:DNN)’s stock price 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 trading hands.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on DML. National Bank Financial increased their price target on Denison Mines from C$4.85 to C$6.00 and gave the company an “outperform” rating in a report on Friday, February 6th. TD Securities boosted their price objective on Denison Mines from C$6.00 to C$6.50 and gave the stock a “buy” rating in a research note on Thursday, March 12th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$6.25.

Denison Mines Stock Performance

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 stock has a fifty day simple moving average of C$5.28 and a two-hundred day simple moving average of C$4.36. The stock has a market cap of C$4.29 billion, a PE ratio of -19.79, a PEG ratio of 1.42 and a beta of 1.18.

Insider Buying and Selling at Denison Mines

In related news, Director David Daniel Cates sold 360,000 shares of the firm’s stock in a transaction 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 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 trade represents a 16.98% decrease in their position. Company 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.