Denison Mines (TSE:DML) Shares Pass Above Two Hundred Day Moving Average of $2.39

Denison Mines Corp. (TSE:DML) (NYSE:DNN)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$2.39 and traded as high as C$2.66. Denison Mines shares last traded at C$2.64, with a volume of 573,096 shares traded.

Analysts Set New Price Targets

DML has been the topic of a number of research reports. Raymond James increased their price objective on Denison Mines from C$2.90 to C$3.00 in a report on Monday, March 4th. TD Securities increased their price objective on Denison Mines from C$3.50 to C$3.75 and gave the stock a “speculative buy” rating in a report on Monday, March 4th.

Denison Mines Stock Up 0.4 %

The stock has a market cap of C$2.36 billion, a price-to-earnings ratio of 37.86, a P/E/G ratio of 1.42 and a beta of 1.90. 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 business has a fifty day moving average of C$2.59 and a 200 day moving average of C$2.39.

Denison Mines (TSE:DML) (NYSE:DNN) last announced its earnings results on Thursday, February 29th. The company reported C$0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C($0.02) by C$0.06. The firm had revenue of C$1.09 million during the quarter. Denison Mines had a return on equity of 16.58% and a net margin of 4,871.97%. On average, equities analysts predict that Denison Mines Corp. will post -0.01 earnings per share 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.