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

Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) shares passed 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 changing hands.

Analyst Ratings Changes

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

Denison Mines Stock Up 3.0 %

The stock has a market capitalization of $1.81 billion, a PE ratio of 25.38 and a beta of 1.68.

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

Institutional Trading of Denison Mines

Several institutional investors have recently modified their holdings of the company. FMR LLC purchased a new stake in shares of Denison Mines during the third quarter valued at $39,013,000. MMCAP International Inc. SPC lifted its holdings in shares of Denison Mines by 37.7% during the fourth quarter. MMCAP International Inc. SPC now owns 31,390,336 shares of the basic materials company’s stock valued at $54,148,000 after purchasing an additional 8,592,121 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Denison Mines by 7.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 49,008,885 shares of the basic materials company’s stock valued at $86,228,000 after purchasing an additional 3,342,434 shares during the last quarter. Alps Advisors Inc. lifted its holdings in shares of Denison Mines by 5.4% during 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 purchasing an additional 2,053,646 shares during the last quarter. Finally, Intact Investment Management Inc. purchased a new stake in shares of Denison Mines during the third quarter valued at $2,774,000. Institutional investors and hedge funds 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.