Denison Mines (TSE:DML) Share Price Crosses Above Two Hundred Day Moving Average - What's Next?

Shares of Denison Mines Corp. (TSE:DML - Get Free Report) NYSE: DNN crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$2.28 and traded as high as C$3.07. Denison Mines shares last traded at C$2.93, with a volume of 2,468,080 shares trading hands.

Analyst Upgrades and Downgrades

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

Denison Mines Trading Down 1.4%

The company has a 50 day moving average of C$2.51 and a 200-day moving average of C$2.28. The firm has a market capitalization of C$2.54 billion, a P/E ratio of -93.53, a P/E/G ratio of 1.42 and a beta of 1.89.

About Denison Mines

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.