Denison Mine Corp (NYSEAMERICAN:DNN) Receives $5.38 Consensus Target Price from Brokerages

Shares of Denison Mine Corp (NYSEAMERICAN:DNNGet Free Report) (TSE:DML) have earned an average recommendation of “Moderate Buy” from the six analysts that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $5.3750.

DNN has been the subject of several recent research reports. Roth Mkm reissued a “buy” rating and set a $4.25 target price on shares of Denison Mine in a research report on Wednesday, February 18th. Scotiabank reissued an “outperform” rating on shares of Denison Mine in a research report on Thursday, May 14th. Zacks Research downgraded shares of Denison Mine from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. Finally, TD Securities boosted their target price on shares of Denison Mine from $6.00 to $6.50 and gave the stock a “buy” rating in a research report on Thursday, March 12th.

View Our Latest Research Report on DNN

Institutional Investors Weigh In On Denison Mine

Several hedge funds and other institutional investors have recently made changes to their positions in DNN. SG Americas Securities LLC bought a new stake in shares of Denison Mine during the fourth quarter worth about $27,000. Summitry LLC bought a new stake in Denison Mine in the 4th quarter worth about $27,000. First Citizens Bank & Trust Co. bought a new stake in Denison Mine in the 4th quarter worth about $27,000. Invesco Ltd. bought a new stake in Denison Mine in the 4th quarter worth about $27,000. Finally, Ritter Daniher Financial Advisory LLC DE bought a new stake in Denison Mine in the 3rd quarter worth about $28,000. 36.74% of the stock is owned by institutional investors.

Denison Mine Trading Down 0.3%

DNN opened at $3.41 on Friday. Denison Mine has a 1-year low of $1.56 and a 1-year high of $4.43. The company has a current ratio of 13.77, a quick ratio of 13.46 and a debt-to-equity ratio of 2.81. The company has a market cap of $3.08 billion, a P/E ratio of -14.83 and a beta of 1.18. The company has a fifty day moving average price of $3.59 and a two-hundred day moving average price of $3.43.

Denison Mine Company Profile

(Get Free Report)

Denison Mines Corp. (NYSEAMERICAN:DNN) is a Canada-based uranium exploration and development company focused on the Athabasca Basin region of Saskatchewan. The company’s core business is the discovery, evaluation and advancement of high-grade uranium projects that can supply fuel for the global nuclear power industry.

Denison’s flagship asset is the 66.9%-owned Wheeler River Project, one of the largest undeveloped high-grade uranium deposits in the Athabasca Basin. In addition to Wheeler River, Denison holds interests in several other exploration properties across northern Saskatchewan and maintains a strategic partnership in the McClean Lake uranium mill, providing it with downstream processing capabilities for future production.

Founded in 1974, Denison Mines has accumulated decades of geological expertise in one of the world’s most prolific uranium districts.

Featured Stories

Analyst Recommendations for Denison Mine (NYSEAMERICAN:DNN)

Receive News & Ratings for Denison Mine Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Denison Mine and related companies with MarketBeat.com's FREE daily email newsletter.