Denison Mines (TSE:DML) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

Denison Mines Corp. (TSE:DML) (NYSE:DNN) shares 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 traded.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on DML. National Bank Financial increased 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. TD Securities increased 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. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$6.50.

Denison Mines Trading Down 3.9%

The stock has a market capitalization of C$3.57 billion, a P/E ratio of -12.31, a price-to-earnings-growth ratio of 1.42 and a beta of 1.30. 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 company has a 50-day moving average price of C$4.89 and a 200 day moving average price of C$4.75.

Denison Mines (TSE:DML) (NYSE:DNN) last announced its quarterly earnings data on Tuesday, May 12th. The company reported C($0.13) earnings per share for the quarter. The firm had revenue of C$1.11 million during the quarter. Denison Mines had a negative net margin of 6,208.50% and a negative return on equity of 73.67%. On average, research analysts forecast 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.