Denison Mines (TSE:DML) Shares Cross Above 200-Day Moving Average of $2.46

Denison Mines Corp. (TSE:DML) (NYSE:DNN)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$2.46 and traded as high as C$2.86. Denison Mines shares last traded at C$2.77, with a volume of 1,196,016 shares changing hands.

Analyst Ratings Changes

A number of brokerages have issued reports on DML. Raymond James raised their target price on shares of Denison Mines from C$2.90 to C$3.00 in a report on Monday, March 4th. TD Securities boosted their price target on shares of Denison Mines from C$3.50 to C$3.75 and gave the company a “speculative buy” rating in a report on Monday, March 4th.

Denison Mines Trading Down 0.4 %

The firm has a 50-day moving average of C$2.64 and a 200 day moving average of C$2.47. The company has a current ratio of 8.28, a quick ratio of 3.12 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of C$2.46 billion, a price-to-earnings ratio of 27.60, a PEG ratio of 1.42 and a beta of 1.90.

Denison Mines (TSE:DML) (NYSE:DNN) last issued its quarterly earnings data on Thursday, February 29th. The company reported C$0.04 earnings per share for the quarter, beating analysts’ consensus estimates of C($0.02) by C$0.06. The business 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%. As a group, equities analysts predict that Denison Mines Corp. will post -0.01 EPS for the current fiscal year.

Denison Mines Company Profile

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.