Denison Mines (TSE:DML) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Denison Mines Corp. (TSE:DML) (NYSE:DNN) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$2.68 and traded as high as C$2.76. Denison Mines shares last traded at C$2.72, with a volume of 2,420,382 shares.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on DML shares. CIBC set a C$3.25 price target on Denison Mines and gave the stock an “outperform” rating in a report on Thursday, September 26th. Raymond James increased their target price on Denison Mines from C$3.50 to C$3.90 in a research note on Friday, November 22nd. Cibc World Mkts upgraded Denison Mines to a “strong-buy” rating in a research note on Thursday, September 26th. BMO Capital Markets upgraded Denison Mines from a “market perform” rating to an “outperform” rating and set a C$3.00 target price for the company in a research note on Wednesday, September 25th. Finally, National Bankshares increased their target price on Denison Mines from C$3.50 to C$4.15 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Five investment analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of C$3.76.

Denison Mines Price Performance

The company has a debt-to-equity ratio of 0.07, a current ratio of 6.94 and a quick ratio of 3.12. The company has a 50-day simple moving average of C$2.96 and a two-hundred day simple moving average of C$2.68. The stock has a market capitalization of C$2.43 billion, a price-to-earnings ratio of 45.33, a price-to-earnings-growth ratio of 1.42 and a beta of 1.89.

Insiders Place Their Bets

In other Denison Mines news, Senior Officer Andrew Alan Yackulic sold 45,500 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of C$2.84, for a total value of C$129,124.45. 0.31% of the stock is owned by corporate insiders.

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.