Denison Mines (TSE:DML) Stock Crosses Above 200 Day Moving Average of $2.50

Shares of Denison Mines Corp. (TSE:DML) (NYSE:DNN) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$2.50 and traded as high as C$2.90. Denison Mines shares last traded at C$2.74, with a volume of 2,466,819 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts recently commented on DML shares. TD Securities raised their price target on shares of Denison Mines from C$3.50 to C$3.75 and gave the company a “speculative buy” rating in a research report on Monday, March 4th. Raymond James raised their price target on shares of Denison Mines from C$3.00 to C$3.50 in a research report on Tuesday, April 23rd.

Denison Mines Trading Down 5.8 %

The company’s 50-day moving average price is C$2.66 and its 200-day moving average price is C$2.50. The firm has a market cap of C$2.44 billion, a price-to-earnings ratio of 27.40, a price-to-earnings-growth ratio of 1.42 and a beta of 1.90. The company has a quick ratio of 3.12, a current ratio of 8.28 and a debt-to-equity ratio of 0.07.

Denison Mines (TSE:DML) (NYSE:DNN) last announced its earnings results on Thursday, February 29th. The company reported C$0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of C($0.02) by C$0.06. Denison Mines had a net margin of 4,871.97% and a return on equity of 16.58%. The business had revenue of C$1.09 million for the quarter. Equities analysts expect that Denison Mines Corp. will post -0.01 EPS for the current fiscal year.

About Denison Mines

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.