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

Denison Mines Corp. (TSE:DML) (NYSE:DNN) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$3.87 and traded as high as C$5.36. Denison Mines shares last traded at C$5.16, with a volume of 3,716,190 shares.

Analysts Set New Price Targets

Separately, National Bank Financial lifted their price target on Denison Mines from C$4.85 to C$6.00 and gave the company an “outperform” rating in a research note on Friday, February 6th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$4.30.

Denison Mines Stock Down 1.0%

The firm has a market cap of C$4.63 billion, a price-to-earnings ratio of -23.45, a PEG ratio of 1.42 and a beta of 1.83. The company’s fifty day moving average is C$4.54 and its 200 day moving average is C$3.87.

Denison Mines (TSE:DML) (NYSE:DNN) last issued its quarterly earnings results on Friday, November 7th. The company reported C($0.15) earnings per share (EPS) for the quarter. Denison Mines had a net margin of 1,029.20% and a negative return on equity of 4.41%. The business had revenue of C$1.05 million during the quarter. On average, equities research analysts forecast that Denison Mines Corp. will post -0.01 EPS for the current fiscal year.

Insider Transactions at Denison Mines

In related news, Director David Daniel Cates sold 360,000 shares of the stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of C$5.82, for a total transaction of C$2,095,200.00. Following the completion of the transaction, the director directly owned 1,760,000 shares of the company’s stock, valued at approximately C$10,243,200. This represents a 16.98% decrease in their ownership of the stock. Insiders own 0.31% of the company’s stock.

About Denison Mines

Denison Mines Corp is a uranium exploration and development company with interests focused in the Athabasca Basin region of northern Saskatchewan, Canada. The company has an effective 95% interest in its flagship Wheeler River Uranium Project, which is the largest undeveloped uranium project in the infrastructure rich eastern portion of the Athabasca Basin region of northern Saskatchewan. The company is also engaged in mine decommissioning and environmental services through its Closed Mines group, which manages its Elliot Lake reclamation projects and provides third-party post-closure mine care and maintenance services.