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Denison Mines (TSE:DML) Stock Passes Below 200 Day Moving Average of $1.63

Defense World ·  Oct 4, 2022 04:01

Denison Mines Corp. (TSE:DML – Get Rating) (NYSE:DNN) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$1.63 and traded as low as C$1.62. Denison Mines shares last traded at C$1.65, with a volume of 1,178,888 shares.

Wall Street Analyst Weigh In

Separately, Raymond James lowered their target price on Denison Mines from C$2.80 to C$2.60 and set an "outperform" rating for the company in a research note on Tuesday, July 19th.

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Denison Mines Stock Performance

The company has a quick ratio of 3.69, a current ratio of 3.89 and a debt-to-equity ratio of 0.13. The stock has a market cap of C$1.35 billion and a price-to-earnings ratio of 27.50. The company has a 50 day simple moving average of C$1.61 and a 200 day simple moving average of C$1.63.

Denison Mines (TSE:DML – Get Rating) (NYSE:DNN) last issued its earnings results on Thursday, August 4th. The company reported C($0.02) EPS for the quarter, missing the consensus estimate of C($0.01) by C($0.01). The business had revenue of C$6.80 million during the quarter. As a group, equities research analysts forecast that Denison Mines Corp. will post -0.01 EPS for the current year.

Denison Mines Company Profile

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Denison Mines Corp. engages in the acquisition, exploration, development, extraction, processing, selling of, and investing in uranium properties in Canada. Its flagship project is the 95% interest owned Wheeler River uranium project 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.

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