Denison Mines (TSE:DML) Stock Surpasses 200-Day Moving Average of $2.66
Denison Mines Corp. (TSE:DML – Get Free Report) NYSE: DNN saw its shares rise above its two hundred day moving average during Thursday’s trading session. The stock’s two hundred day moving average stands at C$2.66, reaching a high of C$3.09. Denison Mines shares closed at C$3.02, with a trading volume of 1,153,512 shares changing hands.
Analyst Ratings Update
Several research analysts have recently released reports on DML. TD Securities raised their target price for Denison Mines from C$3.50 to C$3.75, giving the company a “speculative buy” rating on Monday, March 4th. Raymond James also increased their price target from C$3.00 to C$3.50 on Tuesday, April 23rd.
Stock Performance and Financials
The stock’s 50-day moving average is C$2.93, while its two-hundred day moving average is C$2.66. Denison Mines has a market capitalization of C$2.57 billion, with a price-to-earnings ratio of 36.00 and a beta of 1.89. The company’s current ratio is 6.68, with a quick ratio of 3.12 and a debt-to-equity ratio of 0.07.
Denison Mines (TSE:DML – Get Free Report) NYSE: DNN reported earnings on May 8th, posting C($0.02) earnings per share for the quarter, slightly below analysts’ estimates. The company had a net margin of 1,986.78% and a return on equity of 13.47%. Revenue for the quarter was C$0.83 million. Analysts anticipate Denison Mines Corp. to report -0.01 earnings per share for the current fiscal year.
Company Overview
Denison Mines Corp. focuses on acquiring, exploring, and developing uranium-bearing properties in Canada, with its primary project being the Wheeler River uranium project in northern Saskatchewan. Formerly known as International Uranium Corporation, the company rebranded as Denison Mines Corp.
In conclusion, Denison Mines’ stock has surpassed its 200-day moving average, reflecting positive momentum in the market. Investors are advised to stay informed about the company’s performance and future prospects.
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