Denison Mines (TSE:DML) Stock Passes Above 200-Day Moving Average of $2.21

Denison Mines Corp. (TSE:DMLGet Free Report) (NYSE:DNN)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$2.21 and traded as high as C$2.85. Denison Mines shares last traded at C$2.69, with a volume of 2,515,853 shares.

Analyst Ratings Changes

Separately, BMO Capital Markets set a C$2.30 price target on Denison Mines and gave the stock a “market perform” rating in a research report on Tuesday, October 17th.

Read Our Latest Stock Analysis on DML

Denison Mines Price Performance

The company has a market cap of C$2.35 billion, a PE ratio of 38.43, a price-to-earnings-growth ratio of 1.42 and a beta of 1.83. The company has a debt-to-equity ratio of 0.09, a current ratio of 5.29 and a quick ratio of 3.12. The stock has a fifty day moving average price of C$2.49 and a 200-day moving average price of C$2.21.

Denison Mines (TSE:DMLGet Free Report) (NYSE:DNN) last posted its earnings results on Wednesday, November 8th. The company reported C$0.07 earnings per share for the quarter, topping the consensus estimate of C($0.02) by C$0.09. Denison Mines had a return on equity of 10.35% and a net margin of 485.94%. The firm had revenue of C$2.77 million during the quarter. On average, equities analysts expect that Denison Mines Corp. will post -0.01 earnings per share for the current year.

About Denison Mines

(Get Free Report)

Denison Mines Corp. operates as a uranium exploration and development company in Canada. Its flagship project is the 95% interest owned 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.

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