Denison Mine (NYSEAMERICAN:DNN) Stock Crosses Above Two Hundred Day Moving Average - What's Next?

Shares of Denison Mine Corp (NYSEAMERICAN:DNN - Get Free Report) TSE: DML crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.69 and traded as high as $2.24. Denison Mine shares last traded at $2.19, with a volume of 76,376,811 shares.

Analyst Upgrades and Downgrades

Separately, Desjardins initiated coverage on Denison Mine in a research report on Friday, April 4th. They issued a "buy" rating for the company. One research analyst has rated the stock with a sell rating, five have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $3.00.

Denison Mine Stock Down 1.6%

The firm has a market cap of $1.96 billion, a price-to-earnings ratio of -27.31 and a beta of 1.48. The company has a 50-day moving average price of $1.78 and a 200 day moving average price of $1.69.

Institutional Investors Weigh In On Denison Mine

Large investors have recently bought and sold shares of the business. TD Asset Management Inc grew its position in Denison Mine by 4.1% in the 2nd quarter. TD Asset Management Inc now owns 8,987,804 shares of the basic materials company's stock worth $16,401,000 after purchasing an additional 352,195 shares during the last quarter. Crown Wealth Group LLC bought a new stake in shares of Denison Mine during the second quarter valued at approximately $78,000. Wealth Enhancement Advisory Services LLC lifted its position in Denison Mine by 504.8% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 64,521 shares of the basic materials company's stock worth $117,000 after purchasing an additional 53,852 shares during the period. HFG Wealth Management LLC acquired a new stake in Denison Mine during the second quarter worth $45,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Denison Mine by 62.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,504,193 shares of the basic materials company's stock valued at $1,955,000 after buying an additional 578,365 shares during the period. 36.74% of the stock is currently owned by institutional investors.

Denison Mine 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.