Denison Mines (TSE:DML) Stock Price Passes Above Two Hundred Day Moving Average - Here's Why

Shares of Denison Mines Corp. (TSE:DML - Get Free Report) NYSE: DNN crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$2.38 and traded as high as C$2.47. Denison Mines shares last traded at C$2.37, with a volume of 4,434,499 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Scotiabank decreased their target price on Denison Mines from C$4.75 to C$3.75 and set an "outperform" rating for the company in a research note on Tuesday, March 25th. Desjardins upgraded Denison Mines to a "moderate buy" rating in a research note on Thursday, April 3rd. Raymond James cut their price objective on shares of Denison Mines from C$3.90 to C$3.70 and set an "outperform" rating on the stock in a research report on Monday, March 17th. Finally, National Bankshares reduced their target price on shares of Denison Mines from C$4.15 to C$3.75 and set an "outperform" rating for the company in a research note on Wednesday, April 2nd. Five equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Denison Mines currently has an average rating of "Buy" and a consensus target price of C$3.49.

Denison Mines Stock Performance

The company has a market cap of C$2.01 billion, a price-to-earnings ratio of -74.23, a PEG ratio of 1.42 and a beta of 1.89. The company's 50 day moving average price is C$2.04 and its 200-day moving average price is C$2.37.

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.