Denison Mines (TSE:DML) Stock Passes Above Two Hundred Day Moving Average - Should You Sell?

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

Analysts Set New Price Targets

Several analysts have weighed in on DML shares. Scotiabank upped their price objective on shares of Denison Mines from C$4.00 to C$4.50 in a research note on Monday, November 25th. Raymond James lifted their price objective on Denison Mines from C$3.50 to C$3.90 in a research report on Friday, November 22nd. National Bankshares increased their target price on Denison Mines from C$3.50 to C$4.15 and gave the stock an "outperform" rating in a report on Thursday, October 24th. BMO Capital Markets raised Denison Mines from a "market perform" rating to an "outperform" rating and set a C$3.00 price target for the company in a report on Wednesday, September 25th. Finally, Cibc World Mkts upgraded shares of Denison Mines to a "strong-buy" rating in a research report on Thursday, September 26th. Five analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of C$3.76.

Denison Mines Stock Up 1.5 %

The business's fifty day simple moving average is C$2.96 and its 200 day simple moving average is C$2.68. The company has a current ratio of 6.94, a quick ratio of 3.12 and a debt-to-equity ratio of 0.07. The stock has a market cap of C$2.43 billion, a price-to-earnings ratio of 45.33, a price-to-earnings-growth ratio of 1.42 and a beta of 1.89.

Insiders Place Their Bets

In related news, Senior Officer Andrew Alan Yackulic sold 45,500 shares of the business's stock in a transaction on Monday, November 11th. The shares were sold at an average price of C$2.84, for a total transaction 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.