Denison Mines (TSE:DML) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Denison Mines Corp. (TSE:DML) (NYSE:DNN)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$2.68 and traded as high as C$2.76. Denison Mines shares last traded at C$2.72, with a volume of 2,420,382 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on DML shares. Scotiabank upped their price objective on shares of Denison Mines from C$4.00 to C$4.50 in a report on Monday, November 25th. Raymond James upped their price target on Denison Mines from C$3.50 to C$3.90 in a research note on Friday, November 22nd. BMO Capital Markets upgraded shares of Denison Mines from a “market perform” rating to an “outperform” rating and set a C$3.00 price target on the stock in a research note on Wednesday, September 25th. CIBC set a C$3.25 price objective on shares of Denison Mines and gave the company an “outperform” rating in a research note on Thursday, September 26th. Finally, Cibc World Mkts raised shares of Denison Mines to a “strong-buy” rating in a research note on Thursday, September 26th. 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.com, Denison Mines has an average rating of “Buy” and an average price target of C$3.76.

Denison Mines Trading Up 1.5 %

The firm has a market capitalization of C$2.43 billion, a price-to-earnings ratio of 45.33, a PEG ratio of 1.42 and a beta of 1.89. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.12 and a current ratio of 6.94. The company has a 50-day moving average price of C$2.96 and a 200-day moving average price of C$2.68.

Insider Activity at Denison Mines

In other news, Senior Officer Andrew Alan Yackulic sold 45,500 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of C$2.84, for a total value of C$129,124.45. 0.31% of the stock is currently owned by corporate insiders.

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.