Shares of Denison Mines Corp. (TSE:DML - Get Free Report) NYSE: DNN crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$2.68 and traded as low as C$2.64. Denison Mines shares last traded at C$2.66, with a volume of 2,150,248 shares traded.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on DML shares. Raymond James boosted their target price on Denison Mines from C$3.50 to C$3.90 in a research note on Friday, November 22nd. CIBC set a C$3.25 target price on shares of Denison Mines and gave the company an "outperform" rating in a research report on Thursday, September 26th. BMO Capital Markets upgraded shares of Denison Mines from a "market perform" rating to an "outperform" rating and set a C$3.00 price objective for the company in a research note on Wednesday, September 25th. National Bank Financial raised Denison Mines to a "strong-buy" rating in a report on Tuesday, September 3rd. Finally, Scotiabank lifted their price target on Denison Mines from C$4.00 to C$4.50 in a research report on Monday, November 25th. Five analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of C$3.76.
Read Our Latest Stock Analysis on Denison Mines
Denison Mines Stock Down 1.9 %
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 business has a 50-day simple moving average of C$3.00 and a two-hundred day simple moving average of C$2.68. The company has a market capitalization of C$2.33 billion, a price-to-earnings ratio of 43.50, a PEG ratio of 1.42 and a beta of 1.89.
Insider Activity
In related news, Senior Officer Andrew Alan Yackulic sold 45,500 shares of the company's 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. Insiders own 0.31% of the company's stock.
About Denison Mines
(
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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.
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