Denison Mines (TSE:DML) Director David Daniel Cates Sells 360,000 Shares

Key Points

• Director David Daniel Cates sold 360,000 shares on January 28 at an average price of C$5.82 for a total of C$2,095,200, cutting his stake by 16.98% to 1,760,000 shares (worth C$10,243,200).
• DML traded at C$5.38 (down C$0.34) on elevated volume (~6.59M vs. avg 4.52M); the company has a market cap of C$4.83B and a 1‑year range of C$1.58–C$5.97.
• Analysts have an average "Buy" rating with a consensus target of C$4.01 (National Bankshares lowered its target to C$4.85 but kept an outperform), and Denison is a uranium explorer with a ~95% interest in the flagship Wheeler River project.

Denison Mines Corp. (TSE:DML - Get Free Report) NYSE: DNN Director David Daniel Cates sold 360,000 shares of the stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of C$5.82, for a total transaction of C$2,095,200.00. Following the completion of the sale, the director owned 1,760,000 shares in the company, valued at C$10,243,200. The trade was a 16.98% decrease in their position.

Denison Mines Price Performance

DML stock traded down C$0.34 during midday trading on Friday, hitting C$5.38. 6,592,474 shares of the stock traded hands, compared to its average volume of 4,522,692. The firm has a market cap of C$4.83 billion, a P/E ratio of -24.45, a PEG ratio of 1.42 and a beta of 1.68. Denison Mines Corp. has a 1-year low of C$1.58 and a 1-year high of C$5.97. The stock's fifty day simple moving average is C$4.22 and its 200-day simple moving average is C$3.72.

Denison Mines (TSE:DML - Get Free Report) NYSE: DNN last announced its earnings results on Friday, November 7th. The company reported C($0.15) EPS for the quarter. The firm had revenue of C$1.05 million for the quarter. Denison Mines had a net margin of 1,029.20% and a negative return on equity of 4.41%. On average, research analysts predict that Denison Mines Corp. will post -0.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, National Bankshares decreased their price target on Denison Mines from C$5.00 to C$4.85 and set an "outperform" rating for the company in a report on Monday, January 5th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of C$4.01.

Denison Mines Company Profile

Denison Mines Corp is a uranium exploration and development company with interests focused in the Athabasca Basin region of northern Saskatchewan, Canada. The company has an effective 95% interest in its flagship Wheeler River Uranium Project, which is the largest undeveloped uranium project in the infrastructure rich eastern portion of the Athabasca Basin region of northern Saskatchewan. The company is also engaged in mine decommissioning and environmental services through its Closed Mines group, which manages its Elliot Lake reclamation projects and provides third-party post-closure mine care and maintenance services.

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