Denison Mines (NYSEAMERICAN:DNN) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $1.93. Denison Mines shares last traded at $1.92, with a volume of 37,266,441 shares traded.

Analyst Upgrades and Downgrades

Separately, Roth Mkm reaffirmed a “buy” rating and issued a $2.75 price objective (up previously from $2.60) on shares of Denison Mines in a report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, three have given a buy rating and four have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $3.00.

Denison Mines Trading Down 5.2 %

The stock has a fifty day moving average price of $2.00. The company has a market cap of $1.63 billion, a PE ratio of -182.00 and a beta of 1.77.

Institutional Trading of Denison Mines

Several institutional investors and hedge funds have recently bought and sold shares of DNN. Vontobel Holding Ltd. grew its stake in Denison Mines by 92.6% during the 4th quarter. Vontobel Holding Ltd. now owns 196,336 shares of the basic materials company’s stock valued at $356,000 after acquiring an additional 94,419 shares in the last quarter. Van ECK Associates Corp grew its stake in Denison Mines by 43.3% during the 4th quarter. Van ECK Associates Corp now owns 20,879,491 shares of the basic materials company’s stock valued at $37,595,000 after acquiring an additional 6,305,332 shares in the last quarter. Vantage Point Financial LLC purchased a new position in Denison Mines during the 4th quarter valued at about $34,000. Fiduciary Family Office LLC purchased a new position in Denison Mines during the 4th quarter valued at about $50,000. Finally, Confluence Investment Management LLC grew its stake in Denison Mines by 3.8% during the 4th quarter. Confluence Investment Management LLC now owns 267,217 shares of the basic materials company’s stock valued at $481,000 after acquiring an additional 9,831 shares in the last quarter. Institutional investors and hedge funds own 36.74% of the company’s stock.

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.