Denison Mines (TSE:DML) Stock Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Denison Mines Corp. (TSE:DML - Get Free Report) NYSE: DNN's share 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.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DML. National Bankshares lifted their price target on shares of Denison Mines from C$3.50 to C$4.15 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Cibc World Mkts upgraded shares of Denison Mines to a "strong-buy" rating in a research report on Thursday, September 26th. Raymond James upped their target price on Denison Mines from C$3.50 to C$3.90 in a research note on Friday, November 22nd. Scotiabank boosted their price target on Denison Mines from C$4.00 to C$4.50 in a report on Monday, November 25th. Finally, CIBC set a C$3.25 target price on Denison Mines and gave the company an "outperform" rating in a research report on Thursday, September 26th. Five investment analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of C$3.76.

Denison Mines Stock Performance

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 market cap of C$2.43 billion, a price-to-earnings ratio of 45.33, a P/E/G ratio of 1.42 and a beta of 1.89. The company has a fifty day moving average of C$2.96 and a two-hundred day moving average of C$2.68.

Insiders Place Their Bets

In other news, Senior Officer Andrew Alan Yackulic sold 45,500 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of C$2.84, for a total value of C$129,124.45. Insiders own 0.31% 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.