Denison Mines (TSE:DML) Stock Price Crosses Below 200-Day Moving Average - Here's Why

Key Points

• Denison Mines shares fell below their 200-day moving average of C$4.61, trading as low as C$3.61 before closing at C$3.66 on heavy volume of about 2.66 million shares.
• Despite the technical weakness, analysts remain bullish: five analysts rate the stock a 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 just C$0.72 million in revenue, alongside deeply negative net margins and return on equity, highlighting ongoing financial challenges.

Denison Mines Corp. (TSE:DML - Get Free Report) NYSE: DNN's share price passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of C$4.61 and traded as low as C$3.61. Denison Mines shares last traded at C$3.66, with a volume of 2,663,141 shares changing hands.

Wall Street Analysts Forecast Growth

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

Denison Mines Stock Performance

The company has a market capitalization of C$3.31 billion, a PE ratio of -11.81, a PEG ratio of 1.42 and a beta of 1.49. The company has a 50 day moving average of C$4.34 and a two-hundred day moving average of C$4.61. The company has a debt-to-equity ratio of 237.89, a current ratio of 9.41 and a quick ratio of 3.12.

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

Insider Activity

In related news, Director Laurie Sterritt sold 23,000 shares of the stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of C$5.22, for a total value of C$120,060.00. 0.31% of the stock is currently owned by insiders.

About Denison Mines

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.