Denison Mines (TSE:DML) Share Price Crosses Below 200 Day Moving Average - Time to Sell?

Key Points

• Denison Mines shares fell below their 200-day moving average, trading as low as C$4.47 versus the C$4.79 average, before closing at C$4.48.
• Despite the technical weakness, analysts remain positive: four analysts rate the stock a Buy, with a consensus price target of C$6.12 and individual targets of C$5.50 and C$6.00.
• The company reported a quarterly loss of C$0.03 per share on just C$0.72 million in revenue, while an insider sold 43,000 shares over the past 90 days.

Denison Mines Corp. (TSE:DML - Get Free Report) NYSE: DNN crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$4.79 and traded as low as C$4.47. Denison Mines shares last traded at C$4.48, with a volume of 1,871,576 shares.

Analyst Upgrades and Downgrades

A number of brokerages have commented on DML. Ventum Financial set a C$5.50 price objective on shares of Denison Mines and gave the company a "buy" rating in a research report on Monday, August 24th. Royal Bank Of Canada set a C$6.00 price objective on Denison Mines and gave the company an "outperform" rating in a report on Tuesday, July 14th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of C$6.12.

Denison Mines Stock Performance

The company has a current ratio of 9.41, a quick ratio of 3.12 and a debt-to-equity ratio of 237.89. The firm's fifty day moving average price is C$4.41 and its 200-day moving average price is C$4.79. The firm has a market cap of C$4.06 billion, a price-to-earnings ratio of -14.45, a PEG ratio of 1.42 and a beta of 1.28.

Denison Mines (TSE:DML - Get Free Report) NYSE: DNN last announced its quarterly earnings results on Wednesday, August 12th. The company reported C($0.03) earnings per share for the quarter. Denison Mines had a negative net margin of 6,732.67% and a negative return on equity of 83.49%. The company had revenue of C$0.72 million during the quarter. Analysts expect that Denison Mines Corp. will post -0.01 earnings per share for the current year.

Insider Buying and Selling at Denison Mines

In other news, Director Laurie Sterritt sold 23,000 shares of the business's stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of C$5.22, for a total value of C$120,060.00. Over the last ninety days, insiders sold 43,000 shares of company stock valued at $207,912. 0.31% of the stock is currently owned by insiders.

Denison Mines Company Profile

Denison Mines Corp. is a Canadian uranium exploration company operating in northern Saskatchewan. The portfolio comprises roughly 237,000 ha across multiple underexplored 100% owned and Cosa-operated joint venture projects in the Athabasca Basin region, the majority of which reside within or adjacent to established uranium corridors. In January of 2025, the Company entered a transformative strategic collaboration with Denison Mines TSX: DML (NYSE American: DNN) that has secured access to several additional highly prospective eastern Athabasca uranium exploration projects.

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