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Denison Mines (TSE:DML) Shares Pass Above 200 Day Moving Average - Here's What Happened

Denison Mines logo with Energy background

Key Points

  • Denison Mines Corp. stock has recently surpassed its two hundred day moving average, trading at C$3.10 with a market cap of C$2.80 billion.
  • National Bankshares has set a price target of C$3.75 for Denison Mines, which currently holds a consensus "Buy" rating among analysts.
  • The company is primarily engaged in uranium exploration and development in Canada, with its flagship project located in the Athabasca Basin region of Saskatchewan.
  • Looking to Export and Analyze Denison Mines Data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Denison Mines Corp. (TSE:DML - Get Free Report) NYSE: DNN shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$2.29 and traded as high as C$3.20. Denison Mines shares last traded at C$3.10, with a volume of 3,298,143 shares trading hands.

Analyst Ratings Changes

Separately, National Bankshares set a C$3.75 price target on shares of Denison Mines and gave the company an "outperform" rating in a research report on Tuesday, June 24th. Five investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Denison Mines currently has a consensus rating of "Buy" and an average price target of C$3.49.

View Our Latest Stock Report on Denison Mines

Denison Mines Price Performance

The stock's 50 day simple moving average is C$2.58 and its two-hundred day simple moving average is C$2.29. The stock has a market cap of C$2.65 billion, a price-to-earnings ratio of -97.52, a P/E/G ratio of 1.42 and a beta of 1.89.

About Denison Mines

(Get Free Report)

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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