Denison Mines (TSE:DML) Stock Passes Above 200 Day Moving Average of $2.39

Shares of Denison Mines Corp. (TSE:DML) (NYSE:DNN) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$2.39 and traded as high as C$2.66. Denison Mines shares last traded at C$2.64, with a volume of 573,096 shares traded.

Wall Street Analyst Weigh In

DML has been the subject of several research reports. TD Securities increased their price objective on shares of Denison Mines from C$3.50 to C$3.75 and gave the stock a “speculative buy” rating in a research report on Monday, March 4th. Raymond James increased their price objective on shares of Denison Mines from C$2.90 to C$3.00 in a research report on Monday, March 4th.

Denison Mines Trading Up 0.8 %

The firm has a market cap of C$2.35 billion, a P/E ratio of 37.71, a P/E/G ratio of 1.42 and a beta of 1.90. The business’s 50-day moving average is C$2.59 and its two-hundred day moving average is C$2.39. The company has a debt-to-equity ratio of 0.07, a current ratio of 8.28 and a quick ratio of 3.12.

Denison Mines (TSE:DML) (NYSE:DNN) last released its earnings results on Thursday, February 29th. The company reported C$0.04 earnings per share for the quarter, beating analysts’ consensus estimates of C($0.02) by C$0.06. The business had revenue of C$1.09 million during the quarter. Denison Mines had a net margin of 4,871.97% and a return on equity of 16.58%. As a group, analysts predict that Denison Mines Corp. will post -0.01 earnings per share 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.