Denison Mine (NYSEAMERICAN:DNN) Stock Crosses Above 200 Day Moving Average – Time to Sell?

Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.36 and traded as high as $3.81. Denison Mine shares last traded at $3.70, with a volume of 30,295,891 shares.

Analyst Ratings Changes

Several research analysts have issued reports on DNN shares. Scotiabank reiterated an “outperform” rating on shares of Denison Mine in a research report on Friday, February 20th. Zacks Research upgraded Denison Mine from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 11th. Raymond James Financial reiterated an “outperform” rating on shares of Denison Mine in a research report on Wednesday, January 14th. TD Securities lifted their price objective on Denison Mine from $6.00 to $6.50 and gave the stock a “buy” rating in a research report on Thursday, March 12th. Finally, Roth Mkm restated a “buy” rating and issued a $4.25 price target on shares of Denison Mine in a report on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $5.38.

Denison Mine Stock Down 3.9%

The firm has a 50-day moving average of $3.73 and a 200 day moving average of $3.36. The stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of -21.76 and a beta of 1.23. The company has a current ratio of 10.75, a quick ratio of 10.51 and a debt-to-equity ratio of 1.66.

Institutional Investors Weigh In On Denison Mine

Several hedge funds and other institutional investors have recently bought and sold shares of DNN. SG Americas Securities LLC purchased a new stake in Denison Mine during the 4th quarter worth approximately $27,000. Summitry LLC bought a new position in Denison Mine during the 4th quarter worth $27,000. First Citizens Bank & Trust Co. bought a new position in Denison Mine during the 4th quarter worth $27,000. Invesco Ltd. bought a new position in Denison Mine during the 4th quarter worth $27,000. Finally, Aire Advisors LLC acquired a new position in Denison Mine during the 3rd quarter worth $28,000. 36.74% of the stock is currently owned by hedge funds and other institutional investors.

Denison Mine Company Profile

Denison Mines Corp. (NYSEAMERICAN:DNN) is a Canada-based uranium exploration and development company focused on the Athabasca Basin region of Saskatchewan. The company’s core business is the discovery, evaluation and advancement of high-grade uranium projects that can supply fuel for the global nuclear power industry.

Denison’s flagship asset is the 66.9%-owned Wheeler River Project, one of the largest undeveloped high-grade uranium deposits in the Athabasca Basin. In addition to Wheeler River, Denison holds interests in several other exploration properties across northern Saskatchewan and maintains a strategic partnership in the McClean Lake uranium mill, providing it with downstream processing capabilities for future production.

Founded in 1974, Denison Mines has accumulated decades of geological expertise in one of the world’s most prolific uranium districts.