Denison Mines (TSE:DML) Stock Passes Below Two Hundred Day Moving Average – Time to Sell?

Denison Mines Corp. (TSE:DML) (NYSE:DNN) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$2.68 and traded as low as C$2.64. Denison Mines shares last traded at C$2.66, with a volume of 2,150,248 shares traded.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on DML. Raymond James raised their price target on Denison Mines from C$3.50 to C$3.90 in a report on Friday, November 22nd. Cibc World Mkts upgraded Denison Mines to a “strong-buy” rating in a research report on Thursday, September 26th. National Bank Financial raised Denison Mines to a “strong-buy” rating in a report on Tuesday, September 3rd. BMO Capital Markets raised shares of Denison Mines from a “market perform” rating to an “outperform” rating and set a C$3.00 target price on the stock in a research note on Wednesday, September 25th. Finally, CIBC set a C$3.25 price target on shares of Denison Mines and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Five analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$3.76.

Denison Mines Trading Down 1.9 %

The company has a market capitalization of C$2.33 billion, a P/E ratio of 43.50, a PEG ratio of 1.42 and a beta of 1.89. The business has a 50 day moving average price of C$3.00 and a 200 day moving average price of C$2.68. The company has a current ratio of 6.94, a quick ratio of 3.12 and a debt-to-equity ratio of 0.07.

Insider Buying and Selling at Denison Mines

In other Denison Mines news, Senior Officer Andrew Alan Yackulic sold 45,500 shares of Denison Mines stock in a transaction dated Monday, November 11th. The stock was sold at an average price of C$2.84, for a total transaction of C$129,124.45. Insiders own 0.31% of the company’s stock.

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.