Denison Mines (TSE:DML) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Denison Mines Corp. (TSE:DML) (NYSE:DNN)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$4.78 and traded as high as C$4.85. Denison Mines shares last traded at C$4.68, with a volume of 2,925,044 shares traded.

Wall Street Analysts Forecast Growth

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

Denison Mines Trading Up 0.9%

The firm has a 50 day simple moving average of C$4.85 and a 200 day simple moving average of C$4.78. 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 firm has a market capitalization of C$4.24 billion, a PE ratio of -14.63, a P/E/G ratio of 1.42 and a beta of 1.30.

Denison Mines (TSE:DML) (NYSE:DNN) last issued its earnings results on Tuesday, May 12th. The company reported C($0.13) 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 business had revenue of C$1.11 million for the quarter. Equities analysts expect that Denison Mines Corp. will post -0.01 earnings per share for the current fiscal year.

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.