Denison Mines (TSE:DML) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Shares of Denison Mines Corp. (TSE:DML) (NYSE:DNN) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$2.68 and traded as high as C$2.76. Denison Mines shares last traded at C$2.72, with a volume of 2,420,382 shares trading hands.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on DML. National Bankshares boosted their target price on shares of Denison Mines from C$3.50 to C$4.15 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Scotiabank boosted their target price on shares of Denison Mines from C$4.00 to C$4.50 in a research note on Monday, November 25th. Cibc World Mkts raised shares of Denison Mines to a “strong-buy” rating in a research note on Thursday, September 26th. BMO Capital Markets raised shares of Denison Mines from a “market perform” rating to an “outperform” rating and set a C$3.00 price objective for the company in a research note on Wednesday, September 25th. Finally, Raymond James upped their price objective on shares of Denison Mines from C$3.50 to C$3.90 in a research note on Friday, November 22nd. Five equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, Denison Mines has a consensus rating of “Buy” and an average price target of C$3.76.

Denison Mines Stock Performance

The stock’s 50 day moving average price is C$2.96 and its 200 day moving average price is C$2.68. The company has a market cap of C$2.43 billion, a price-to-earnings ratio of 45.33, a P/E/G ratio of 1.42 and a beta of 1.89. The company has a current ratio of 6.94, a quick ratio of 3.12 and a debt-to-equity ratio of 0.07.

Insider Buying and Selling

In related news, Senior Officer Andrew Alan Yackulic sold 45,500 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of C$2.84, for a total transaction of C$129,124.45. Corporate insiders own 0.31% of the company’s stock.

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.