Denison Mines (TSE:DML) Stock Crosses Above 200 Day Moving Average – What’s Next?

Denison Mines Corp. (TSE:DML) (NYSE:DNN)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$4.12 and traded as high as C$5.65. Denison Mines shares last traded at C$5.63, with a volume of 3,817,347 shares.

Analysts Set New Price Targets

Separately, National Bank Financial raised their target price on Denison Mines from C$4.85 to C$6.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$4.30.

Denison Mines Stock Performance

The company has a debt-to-equity ratio of 73.18, a quick ratio of 3.12 and a current ratio of 11.97. The stock’s 50 day moving average price is C$5.09 and its 200 day moving average price is C$4.15. The company has a market capitalization of C$4.49 billion, a P/E ratio of -22.73, a price-to-earnings-growth ratio of 1.42 and a beta of 1.18.

Insider Buying and Selling at Denison Mines

In other news, Director David Daniel Cates sold 360,000 shares of the business’s stock in a transaction dated Wednesday, January 28th. The stock was sold at an average price of C$5.82, for a total value of C$2,095,200.00. Following the transaction, the director directly owned 1,760,000 shares of the company’s stock, valued at C$10,243,200. The trade was a 16.98% decrease in their position. Company insiders own 0.31% of the company’s stock.

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.