Denison Mines (TSE:DML) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

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$4.68 and traded as high as C$4.81. Denison Mines shares last traded at C$4.81, with a volume of 6,020,841 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on DML shares. TD Securities boosted their price target on Denison Mines from C$6.00 to C$6.50 and gave the stock a “buy” rating in a research report on Thursday, March 12th. National Bank Financial boosted their price target on Denison Mines from C$6.00 to C$6.50 and gave the stock an “outperform” rating in a research report on Friday, April 17th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Denison Mines has an average rating of “Buy” and an average target price of C$6.50.

Denison Mines Stock Up 1.9%

The business has a 50-day moving average price of C$4.93 and a 200-day moving average price of C$4.68. The company has a market capitalization of C$4.35 billion, a price-to-earnings ratio of -15.03, a price-to-earnings-growth ratio of 1.42 and a beta of 1.29. The company has a quick ratio of 3.12, a current ratio of 13.77 and a debt-to-equity ratio of 280.62.

Denison Mines (TSE:DML) (NYSE:DNN) last announced its earnings results on Tuesday, May 12th. The company reported C($0.13) earnings per share (EPS) for the quarter. The company had revenue of C$1.11 million for the quarter. Denison Mines had a negative return on equity of 73.67% and a negative net margin of 6,208.50%. As a group, equities analysts anticipate that Denison Mines Corp. will post -0.01 earnings per share for the current fiscal year.

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.