Denison Mines (TSE:DML) Stock Price Breaks Below Two Hundred Day Moving Average - Should You Sell?

Key Points

• Denison Mines shares fell below their 200-day moving average, trading as low as C$3.80 and last changing hands at C$3.87, versus a 200-day average of C$4.55.
• Despite the technical weakness, all five tracked analysts rate the stock Buy, with a consensus price target of C$5.94 and individual targets ranging from C$5.20 to C$6.50.
• The company reported a quarterly loss of C$0.03 per share on C$0.72 million in revenue, alongside negative profitability metrics. A director also sold 23,000 shares at an average price of C$5.22.

Denison Mines Corp. (TSE:DML - Get Free Report) NYSE: DNN passed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of C$4.55 and traded as low as C$3.80. Denison Mines shares last traded at C$3.87, with a volume of 5,775,700 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DML. Royal Bank Of Canada set a C$6.00 price target on shares of Denison Mines and gave the stock an "outperform" rating in a research note on Tuesday, July 14th. Ventum Financial set a C$5.50 price objective on Denison Mines and gave the company a "buy" rating in a research note on Monday, August 24th. Jefferies Financial Group set a C$5.20 price objective on Denison Mines and gave the company a "buy" rating in a research note on Thursday, September 3rd. Finally, National Bank Financial set a C$6.50 target price on Denison Mines and gave the stock an "outperform" rating in a report on Monday, September 21st. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of C$5.94.

Denison Mines Stock Up 3.2%

The company has a market cap of C$3.50 billion, a P/E ratio of -12.48, a PEG ratio of 1.42 and a beta of 2.07. The company has a debt-to-equity ratio of 237.89, a current ratio of 9.41 and a quick ratio of 3.12. The business's 50 day moving average price is C$4.29 and its 200-day moving average price is C$4.55.

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

Insider Buying and Selling

In other news, Director Laurie Sterritt sold 23,000 shares of the stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of C$5.22, for a total transaction of C$120,060.00. Corporate insiders own 0.31% of the company's stock.

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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