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

Shares of Denison Mines Corp. (TSE:DML) (NYSE:DNN) crossed 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.

Analysts Set New Price Targets

A number of analysts have recently commented on DML shares. TD Securities upped 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. Raymond James upped their price objective on Denison Mines from C$2.90 to C$3.00 in a report on Monday, March 4th.

Denison Mines Trading Down 1.1 %

The stock has a market capitalization of C$2.47 billion, a price-to-earnings ratio of 27.70, 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 quick ratio of 3.12 and a current ratio of 8.28. The firm has a fifty day moving average of C$2.64 and a 200-day moving average of C$2.46.

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