Denison Mines (TSE:DML) Stock Passes Below Two Hundred Day Moving Average – Should You Sell?

Denison Mines Corp. (TSE:DML) (NYSE:DNN)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$2.66 and traded as low as C$2.56. Denison Mines shares last traded at C$2.57, with a volume of 1,241,598 shares.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. National Bankshares increased their price objective on Denison Mines from C$3.50 to C$4.15 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Scotiabank boosted their price objective on Denison Mines from C$4.00 to C$4.50 in a report on Monday, November 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 investment analysts have rated the stock with a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$3.76.

Denison Mines Stock Down 0.4 %

The business has a fifty day moving average price of C$2.84 and a two-hundred day moving average price of C$2.66. The company has a current ratio of 6.94, a quick ratio of 3.12 and a debt-to-equity ratio of 0.07. The company has a market cap of C$2.29 billion, a price-to-earnings ratio of 42.83, a P/E/G ratio of 1.42 and a beta of 1.89.

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.