Denison Mine (NYSEAMERICAN:DNN) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $2.82 and traded as high as $3.94. Denison Mine shares last traded at $3.78, with a volume of 51,522,144 shares.

Analyst Ratings Changes

Separately, Raymond James Financial reissued an “outperform” rating on shares of Denison Mine in a report on Wednesday, January 14th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Denison Mine Price Performance

The company has a debt-to-equity ratio of 1.49, a current ratio of 11.97 and a quick ratio of 11.78. The firm has a 50-day moving average of $3.32 and a 200-day moving average of $2.82. The stock has a market cap of $3.41 billion, a PE ratio of -25.20 and a beta of 1.25.

Institutional Trading of Denison Mine

Institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada lifted its stake in Denison Mine by 14.6% in the 1st quarter. Royal Bank of Canada now owns 4,317,738 shares of the basic materials company’s stock worth $5,613,000 after purchasing an additional 550,064 shares in the last quarter. Millennium Management LLC lifted its position in shares of Denison Mine by 11.5% in the first quarter. Millennium Management LLC now owns 5,710,330 shares of the basic materials company’s stock worth $7,423,000 after buying an additional 587,352 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Denison Mine by 2.7% during the first quarter. Goldman Sachs Group Inc. now owns 1,687,875 shares of the basic materials company’s stock valued at $2,194,000 after buying an additional 45,125 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Denison Mine by 62.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,504,193 shares of the basic materials company’s stock valued at $1,955,000 after buying an additional 578,365 shares in the last quarter. Finally, R Squared Ltd bought a new stake in Denison Mine in the 2nd quarter worth approximately $39,000. 36.74% of the stock is currently owned by institutional investors.

About Denison Mine

Denison Mines Corp. (NYSEAMERICAN:DNN) is a Canada-based uranium exploration and development company focused on the Athabasca Basin region of Saskatchewan. The company’s core business is the discovery, evaluation and advancement of high-grade uranium projects that can supply fuel for the global nuclear power industry.

Denison’s flagship asset is the 66.9%-owned Wheeler River Project, one of the largest undeveloped high-grade uranium deposits in the Athabasca Basin. In addition to Wheeler River, Denison holds interests in several other exploration properties across northern Saskatchewan and maintains a strategic partnership in the McClean Lake uranium mill, providing it with downstream processing capabilities for future production.

Founded in 1974, Denison Mines has accumulated decades of geological expertise in one of the world’s most prolific uranium districts.