Denison Mines (TSE:DML) Share Price Passes Above Two Hundred Day Moving Average - Should You Sell?

Denison Mines Corp. (TSE:DML - Get Free Report) NYSE: DNN's stock price 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 changing hands.

Analyst Ratings Changes

Several equities research analysts have weighed in on DML shares. Desjardins raised Denison Mines to a "moderate buy" rating in a research report on Thursday, April 3rd. Raymond James lowered their price target on shares of Denison Mines from C$3.90 to C$3.70 and set an "outperform" rating for the company in a research report on Monday, March 17th. Scotiabank cut their price objective on shares of Denison Mines from C$4.75 to C$3.75 and set an "outperform" rating on the stock in a research report on Tuesday, March 25th. 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 research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of C$3.49.

Denison Mines Price Performance

The business has a fifty day moving average price of C$2.01 and a 200 day moving average price of C$2.38. The company has a market capitalization of C$1.95 billion, a price-to-earnings ratio of -71.90, a price-to-earnings-growth 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.