Shares of Denison Mines Corp. (TSE:DML - Get Free Report) NYSE: DNN crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$2.65 and traded as high as C$3.08. Denison Mines shares last traded at C$2.99, with a volume of 5,494,356 shares traded.
Wall Street Analyst Weigh In
Several analysts have recently commented on the stock. National Bank Financial raised shares of Denison Mines to a "strong-buy" rating in a research report on Tuesday, September 3rd. 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 for the company in a research report on Wednesday, September 25th. National Bankshares set a C$3.50 price target on shares of Denison Mines and gave the company an "outperform" rating in a research note on Wednesday, September 4th. Cibc World Mkts raised shares of Denison Mines to a "strong-buy" rating in a research report on Thursday, September 26th. Finally, Roth Capital upgraded Denison Mines to a "strong-buy" rating in a research note on Thursday, June 27th. Five equities research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of C$3.46.
Check Out Our Latest Stock Report on DML
Denison Mines Trading Up 2.7 %
The firm has a market cap of C$2.74 billion, a price-to-earnings ratio of 52.33, a P/E/G ratio of 1.42 and a beta of 1.89. The company's 50 day simple moving average is C$2.29 and its 200 day simple moving average is C$2.65. The company has a debt-to-equity ratio of 0.07, a current ratio of 6.94 and a quick ratio of 3.12.
Denison Mines (TSE:DML - Get Free Report) NYSE: DNN last announced its quarterly earnings data on Thursday, August 8th. The company reported C($0.02) earnings per share (EPS) for the quarter, meeting the consensus estimate of C($0.02). Denison Mines had a return on equity of 10.60% and a net margin of 1,412.07%. The business had revenue of C$1.33 million during the quarter, compared to analysts' expectations of C$1.10 million. As a group, research analysts expect that Denison Mines Corp. will post -0.01 earnings per share for the current fiscal year.
Denison Mines Company Profile
(
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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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