Insider Selling: Denison Mines (TSE:DML) Director Sells C$2,095,200.00 in Stock

Denison Mines Corp. (TSE:DML) (NYSE:DNN) Director David Daniel Cates sold 360,000 shares of Denison Mines stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of C$5.82, for a total transaction of C$2,095,200.00. Following the completion of the transaction, the director directly owned 1,760,000 shares in the company, valued at approximately C$10,243,200. This trade represents a 16.98% decrease in their ownership of the stock.

Denison Mines Price Performance

DML stock opened at C$5.58 on Wednesday. The firm has a market capitalization of C$5.01 billion, a P/E ratio of -25.36, a P/E/G ratio of 1.42 and a beta of 1.83. Denison Mines Corp. has a 52-week low of C$1.58 and a 52-week high of C$5.97. The company’s 50 day simple moving average is C$4.30 and its 200-day simple moving average is C$3.76.

Denison Mines (TSE:DML) (NYSE:DNN) last posted its quarterly earnings data on Friday, November 7th. The company reported C($0.15) earnings per share for the quarter. The firm had revenue of C$1.05 million for the quarter. Denison Mines had a negative return on equity of 4.41% and a net margin of 1,029.20%. Sell-side analysts predict that Denison Mines Corp. will post -0.01 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, National Bankshares lowered their target price on Denison Mines from C$5.00 to C$4.85 and set an “outperform” rating on the stock in a research note on Monday, January 5th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$4.01.

About Denison Mines

Denison Mines Corp is a uranium exploration and development company with interests focused in the Athabasca Basin region of northern Saskatchewan, Canada. The company has an effective 95% interest in its flagship Wheeler River Uranium Project, which is the largest undeveloped uranium project in the infrastructure rich eastern portion of the Athabasca Basin region of northern Saskatchewan. The company is also engaged in mine decommissioning and environmental services through its Closed Mines group, which manages its Elliot Lake reclamation projects and provides third-party post-closure mine care and maintenance services.