Denison Mines (TSE:DML) Share Price Passes Above 200-Day Moving Average of $2.46

Denison Mines Corp. (TSE:DML - Get Free Report) NYSE: DNN passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$2.46 and traded as high as C$2.86. Denison Mines shares last traded at C$2.77, with a volume of 1,196,016 shares.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on DML. TD Securities boosted their target price on shares of Denison Mines from C$3.50 to C$3.75 and gave the stock a "speculative buy" rating in a research note on Monday, March 4th. Raymond James upped their price target on shares of Denison Mines from C$2.90 to C$3.00 in a report on Monday, March 4th.

Denison Mines Stock Performance

The stock's 50-day moving average price is C$2.64 and its 200 day moving average price is C$2.47. The company has a debt-to-equity ratio of 0.07, a current ratio of 8.28 and a quick ratio of 3.12. The firm has a market cap of C$2.46 billion, a P/E ratio of 27.60, a price-to-earnings-growth ratio of 1.42 and a beta of 1.90.

Denison Mines (TSE:DML - Get Free Report) NYSE: DNN last announced its quarterly earnings data on Thursday, February 29th. The company reported C$0.04 EPS for the quarter, topping analysts' consensus estimates of C($0.02) by C$0.06. Denison Mines had a net margin of 4,871.97% and a return on equity of 16.58%. The business had revenue of C$1.09 million for the quarter. As a group, equities analysts predict that Denison Mines Corp. will post -0.01 EPS for the current year.

Denison Mines Company Profile

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.