Denison Mines (TSE:DML) Stock Price Crosses Below 200 Day Moving Average – Should You Sell?

Denison Mines Corp. (TSE:DML) (NYSE:DNN) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$4.74 and traded as low as C$4.25. Denison Mines shares last traded at C$4.29, with a volume of 2,678,745 shares.

Analysts Set New Price Targets

Several brokerages recently issued reports on DML. TD Securities raised their price target 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 raised their price target 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 research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$6.50.

Denison Mines Trading Up 1.4%

The company has a current ratio of 13.77, a quick ratio of 3.12 and a debt-to-equity ratio of 280.62. The stock has a market capitalization of C$3.88 billion, a price-to-earnings ratio of -13.41, a PEG ratio of 1.42 and a beta of 1.30. The firm has a 50-day moving average of C$4.92 and a 200 day moving average of C$4.74.

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