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Denison Mines (TSE:DML) Share Price Crosses Below 200-Day Moving Average - What's Next?

Denison Mines logo with Energy background

Denison Mines Corp. (TSE:DML - Get Free Report) NYSE: DNN's stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$2.66 and traded as low as C$2.56. Denison Mines shares last traded at C$2.57, with a volume of 1,241,598 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on DML shares. Raymond James boosted their price target on Denison Mines from C$3.50 to C$3.90 in a research report on Friday, November 22nd. Scotiabank boosted their target price on Denison Mines from C$4.00 to C$4.50 in a report on Monday, November 25th. Finally, National Bankshares increased their price target on Denison Mines from C$3.50 to C$4.15 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Five equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of C$3.76.

Read Our Latest Stock Analysis on DML

Denison Mines Stock Performance

The firm has a fifty day moving average price of C$2.78 and a 200 day moving average price of C$2.66. The firm has a market capitalization of C$2.10 billion, a price-to-earnings ratio of -77.22, a PEG 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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