Denison Mines (TSE:DML) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Denison Mines Corp. (TSE:DML) (NYSE:DNN)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$4.78 and traded as high as C$4.85. Denison Mines shares last traded at C$4.68, with a volume of 2,925,044 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. National Bank Financial raised their price objective on shares of 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 boosted their price objective on shares of Denison Mines from C$6.00 to C$6.50 and gave the company a “buy” rating in a report on Thursday, March 12th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$6.50.

Denison Mines Stock Performance

The stock’s fifty day simple moving average is C$4.84 and its 200-day simple moving average is C$4.79. The company has a market capitalization of C$4.27 billion, a price-to-earnings ratio of -14.75, 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.

Denison Mines (TSE:DML) (NYSE:DNN) last issued its quarterly earnings results on Tuesday, May 12th. The company reported C($0.13) earnings per share for the quarter. Denison Mines had a negative return on equity of 73.67% and a negative net margin of 6,208.50%.The company had revenue of C$1.11 million for the quarter. Analysts predict that Denison Mines Corp. will post -0.01 EPS for the current 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.