Denison Mines (TSE:DML) Stock Price Crosses Below 200 Day Moving Average – Should You 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$4.74 and traded as low as C$4.25. Denison Mines shares last traded at C$4.29, with a volume of 2,678,745 shares traded.

Wall Street Analysts Forecast Growth

DML has been the subject of a number of research reports. TD Securities raised their target price on shares of Denison Mines from C$6.00 to C$6.50 and gave the stock a “buy” rating in a report on Thursday, March 12th. National Bank Financial raised their target price on shares of Denison Mines from C$6.00 to C$6.50 and gave the stock an “outperform” rating in a report on Friday, April 17th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$6.50.

Denison Mines Stock Up 1.4%

The company has a current ratio of 13.77, a quick ratio of 3.12 and a debt-to-equity ratio of 280.62. The firm has a market capitalization of C$3.88 billion, a price-to-earnings ratio of -13.41, a PEG ratio of 1.42 and a beta of 1.30. The stock has a fifty day moving average of C$4.92 and a 200-day moving average of C$4.74.

Denison Mines (TSE:DML) (NYSE:DNN) last issued its earnings results on Tuesday, May 12th. The company reported C($0.13) earnings per share (EPS) for the quarter. The company had revenue of C$1.11 million during the quarter. Denison Mines had a negative return on equity of 73.67% and a negative net margin of 6,208.50%. As a group, sell-side analysts expect that Denison Mines Corp. will post -0.01 EPS for the current year.

Denison Mines Company Profile

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.