Denison Mines (NYSEAMERICAN:DNN) Shares Cross Above 200 Day Moving Average – What’s Next?

Shares of Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $1.93. Denison Mines shares last traded at $1.92, with a volume of 37,266,441 shares changing hands.

Analysts Set New Price Targets

Separately, Roth Mkm restated a “buy” rating and set a $2.75 target price (up previously from $2.60) on shares of Denison Mines in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, three have issued a buy rating and four have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $3.00.

Denison Mines Trading Up 3.8 %

The firm has a market capitalization of $1.72 billion, a PE ratio of -192.00 and a beta of 1.77. The company’s 50-day moving average price is $2.00.

Institutional Investors Weigh In On Denison Mines

Hedge funds and other institutional investors have recently made changes to their positions in the business. Confluence Investment Management LLC increased its holdings in Denison Mines by 3.8% in the 4th quarter. Confluence Investment Management LLC now owns 267,217 shares of the basic materials company’s stock worth $481,000 after acquiring an additional 9,831 shares in the last quarter. Legacy Capital Group California Inc. increased its holdings in Denison Mines by 47.5% in the 3rd quarter. Legacy Capital Group California Inc. now owns 34,372 shares of the basic materials company’s stock worth $63,000 after acquiring an additional 11,066 shares in the last quarter. SevenBridge Financial Group LLC increased its holdings in Denison Mines by 54.2% in the 3rd quarter. SevenBridge Financial Group LLC now owns 37,000 shares of the basic materials company’s stock worth $68,000 after acquiring an additional 13,000 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in Denison Mines by 1.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 689,160 shares of the basic materials company’s stock worth $1,378,000 after acquiring an additional 13,144 shares in the last quarter. Finally, Toronto Dominion Bank boosted its stake in Denison Mines by 55.5% in the 3rd quarter. Toronto Dominion Bank now owns 37,266 shares of the basic materials company’s stock worth $68,000 after purchasing an additional 13,297 shares during the period. Hedge funds and other institutional investors own 36.74% of the company’s stock.

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.