Denison Mines (NYSEAMERICAN:DNN) Shares Pass Above Two Hundred Day Moving Average of $0.00

Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.00 and traded as high as $2.04. Denison Mines shares last traded at $2.02, with a volume of 18,170,328 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com raised Denison Mines to a “sell” rating in a research report on Friday, April 5th.

Denison Mines Stock Up 2.5 %

The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of 25.25 and a beta of 1.68.

Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) last announced its earnings results on Wednesday, February 28th. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.04. Denison Mines had a return on equity of 17.41% and a net margin of 1,069.10%. The company had revenue of $0.80 million for the quarter. Analysts expect that Denison Mines Corp. will post -0.01 EPS for the current year.

Hedge Funds Weigh In On Denison Mines

Hedge funds have recently bought and sold shares of the business. HTLF Bank purchased a new position in Denison Mines during the fourth quarter worth approximately $897,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Denison Mines by 6.5% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 45,666,451 shares of the basic materials company’s stock valued at $75,323,000 after purchasing an additional 2,772,301 shares during the last quarter. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Denison Mines in the third quarter valued at approximately $2,331,000. Alps Advisors Inc. increased its holdings in shares of Denison Mines by 5.4% in the third quarter. Alps Advisors Inc. now owns 40,076,124 shares of the basic materials company’s stock valued at $66,126,000 after purchasing an additional 2,053,646 shares during the last quarter. Finally, EAM Investors LLC acquired a new stake in shares of Denison Mines in the third quarter valued at approximately $1,117,000. Hedge funds and other institutional investors own 36.74% of the company’s stock.

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.