Denison Mines (TSE:DML) Shares Cross Below 200 Day Moving Average – Here’s Why

Shares of Denison Mines Corp. (TSE:DML) (NYSE:DNN) passed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of C$4.55 and traded as low as C$3.80. Denison Mines shares last traded at C$3.87, with a volume of 5,775,700 shares traded.

Analysts Set New Price Targets

DML has been the topic of several analyst reports. Royal Bank Of Canada set a C$6.00 price target on shares of Denison Mines and gave the stock an “outperform” rating in a research report on Tuesday, July 14th. Jefferies Financial Group set a C$5.20 target price on Denison Mines and gave the stock a “buy” rating in a report on Thursday, September 3rd. National Bank Financial set a C$6.50 price target on Denison Mines and gave the company an “outperform” rating in a research note on Monday, September 21st. Finally, Ventum Financial set a C$5.50 price target on Denison Mines and gave the stock a “buy” rating in a research report on Monday, August 24th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$5.94.

Denison Mines Price Performance

The company’s 50-day moving average price is C$4.28 and its two-hundred day moving average price is C$4.54. The company has a debt-to-equity ratio of 237.89, a current ratio of 9.41 and a quick ratio of 3.12. The company has a market capitalization of C$3.05 billion, a P/E ratio of -10.87, a price-to-earnings-growth ratio of 1.42 and a beta of 2.07.

Denison Mines (TSE:DML) (NYSE:DNN) last announced its earnings results on Wednesday, August 12th. The company reported C($0.03) earnings per share for the quarter. The firm had revenue of C$0.72 million for the quarter. Denison Mines had a negative return on equity of 83.49% and a negative net margin of 6,732.67%. As a group, sell-side analysts expect that Denison Mines Corp. will post -0.01 EPS for the current year.

Insiders Place Their Bets

In other news, Director Laurie Sterritt sold 23,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of C$5.22, for a total transaction of C$120,060.00. 0.31% of the stock is owned by corporate insiders.

Denison Mines Company Profile

Denison Mines Corp. is a Canadian uranium exploration company operating in northern Saskatchewan. The portfolio comprises roughly 237,000 ha across multiple underexplored 100% owned and Cosa-operated joint venture projects in the Athabasca Basin region, the majority of which reside within or adjacent to established uranium corridors. In January of 2025, the Company entered a transformative strategic collaboration with Denison Mines (TSX: DML) (NYSE American: DNN) that has secured access to several additional highly prospective eastern Athabasca uranium exploration projects.