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

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$2.82 and traded as high as C$4.40. Denison Mines shares last traded at C$4.29, with a volume of 6,719,873 shares changing hands.

Analysts Set New Price Targets

A number of research firms have recently issued reports on DML. TD Securities lifted their price target on shares of Denison Mines from C$3.50 to C$3.75 and gave the company a “buy” rating in a research report on Monday, August 11th. Desjardins upgraded shares of Denison Mines to a “moderate buy” rating in a research report on Monday, August 18th. Finally, National Bankshares lifted their price target on shares of Denison Mines from C$3.90 to C$4.50 and gave the company an “outperform” rating in a research report on Wednesday, September 24th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$3.93.

Denison Mines Stock Performance

The stock has a market capitalization of C$3.85 billion, a price-to-earnings ratio of -47.67, a P/E/G ratio of 1.42 and a beta of 1.68. The company has a 50-day moving average of C$3.63 and a 200-day moving average of C$2.82.

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.