Denison Mines (NYSEAMERICAN:DNN) Stock Price Passes Above 200-Day Moving Average of $0.00

Shares of Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.00 and traded as high as $2.04. Denison Mines shares last traded at $2.02, with a volume of 18,170,328 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Denison Mines to a “sell” rating in a report on Friday, April 5th.

Denison Mines Price Performance

The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of 25.38 and a beta of 1.68.

Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) last posted its earnings results on Wednesday, February 28th. The basic materials company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.04. The firm had revenue of $0.80 million for the quarter. Denison Mines had a return on equity of 17.41% and a net margin of 1,069.10%. As a group, equities analysts expect that Denison Mines Corp. will post -0.01 EPS for the current fiscal year.

Institutional Trading of Denison Mines

Institutional investors have recently modified their holdings of the company. HTLF Bank bought a new stake in shares of Denison Mines in the fourth quarter valued at about $897,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Denison Mines by 6.5% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 45,666,451 shares of the basic materials company’s stock valued at $75,323,000 after acquiring an additional 2,772,301 shares during the last quarter. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Denison Mines in the third quarter valued at about $2,331,000. Alps Advisors Inc. increased its position in shares of Denison Mines by 5.4% in the third quarter. Alps Advisors Inc. now owns 40,076,124 shares of the basic materials company’s stock valued at $66,126,000 after acquiring an additional 2,053,646 shares during the last quarter. Finally, EAM Investors LLC acquired a new stake in shares of Denison Mines in the third quarter valued at about $1,117,000. 36.74% of the stock is currently owned by institutional investors.

About Denison Mines

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.