Denison Mines (TSE:DML) Share Price Breaks Below 200 Day Moving Average – Here’s Why

Denison Mines Corp. (TSE:DML) (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$4.61 and traded as low as C$3.61. Denison Mines shares last traded at C$3.66, with a volume of 2,663,141 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on DML shares. Ventum Financial set a C$5.50 price objective on Denison Mines and gave the stock a “buy” rating in a report on Monday, August 24th. Jefferies Financial Group set a C$5.20 target price on Denison Mines and gave the company a “buy” rating in a report on Thursday, September 3rd. Royal Bank Of Canada set a C$6.00 price target on Denison Mines and gave the stock an “outperform” rating in a research note on Tuesday, July 14th. Finally, National Bank Financial set a C$6.50 price target on shares of Denison Mines and gave the company an “outperform” rating in a report on Monday, September 21st. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Denison Mines has a consensus rating of “Buy” and a consensus price target of C$5.94.

Denison Mines Trading Down 0.5%

The company has a debt-to-equity ratio of 237.89, a current ratio of 9.41 and a quick ratio of 3.12. The stock’s 50 day moving average is C$4.33 and its 200-day moving average is C$4.60. The company has a market capitalization of C$3.32 billion, a P/E ratio of -11.84, a P/E/G ratio of 1.42 and a beta of 1.49.

Denison Mines (TSE:DML) (NYSE:DNN) last posted its earnings results on Wednesday, August 12th. The company reported C($0.03) earnings per share for the quarter. Denison Mines had a negative return on equity of 83.49% and a negative net margin of 6,732.67%.The firm had revenue of C$0.72 million for the quarter. As a group, equities research analysts anticipate that Denison Mines Corp. will post -0.01 earnings per share for the current year.

Insider Buying and Selling at Denison Mines

In related news, Director Laurie Sterritt sold 23,000 shares of the company’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of C$5.22, for a total value of C$120,060.00. 0.31% of the stock is owned by corporate insiders.

About Denison Mines

Denison Mines Corp. is a Canadian uranium exploration company operating in northern Saskatchewan. The portfolio comprises roughly 237,000 ha across multiple underexplored 100% owned and Cosa-operated joint venture projects in the Athabasca Basin region, the majority of which reside within or adjacent to established uranium corridors. In January of 2025, the Company entered a transformative strategic collaboration with Denison Mines (TSX: DML) (NYSE American: DNN) that has secured access to several additional highly prospective eastern Athabasca uranium exploration projects.