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

Shares of Denison Mine Corp (NYSEAMERICAN:DNN – Get Free Report) (TSE:DML) have been given an average rating of “Moderate Buy” by the six research firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $5.3750.

Several research analysts have weighed in on the stock. Scotiabank reiterated an “outperform” rating on shares of Denison Mine in a research report on Thursday, May 14th. Royal Bank Of Canada assumed coverage on shares of Denison Mine in a research report on Monday, July 13th. They set an “outperform” rating for the company. Finally, Zacks Research lowered Denison Mine from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 15th.

Get Denison Mine alerts:

Check Out Our Latest Report on Denison Mine

Institutional Trading of Denison Mine

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Chicago Partners Investment Group LLC bought a new position in shares of Denison Mine in the fourth quarter worth approximately $752,000. Goehring & Rozencwajg Associates LLC raised its position in shares of Denison Mine by 19.4% during the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 4,720,615 shares of the basic materials company’s stock valued at $16,664,000 after purchasing an additional 767,863 shares during the period. Temasek Holdings Private Ltd purchased a new position in shares of Denison Mine during the 1st quarter valued at $13,163,000. Janus Henderson Group PLC lifted its stake in shares of Denison Mine by 31.1% during the 1st quarter. Janus Henderson Group PLC now owns 1,882,979 shares of the basic materials company’s stock valued at $6,652,000 after buying an additional 446,999 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of Denison Mine by 275.0% during the 1st quarter. Renaissance Technologies LLC now owns 9,455,713 shares of the basic materials company’s stock valued at $33,379,000 after buying an additional 6,934,400 shares in the last quarter. Hedge funds and other institutional investors own 36.74% of the company’s stock.

Denison Mine Stock Performance

Shares of DNN opened at $3.15 on Wednesday. The company has a debt-to-equity ratio of 2.81, a current ratio of 13.77 and a quick ratio of 13.46. Denison Mine has a one year low of $1.86 and a one year high of $4.43. The firm has a market capitalization of $2.85 billion, a P/E ratio of -14.32 and a beta of 1.23. The business has a fifty day moving average of $3.10 and a 200 day moving average of $3.49.

About Denison Mine

(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

• Five stocks we like better than Denison Mine
• The AI Boom Is Turning This Cable Maker Into a Stock to Watch
• A Star Investor Just Trimmed Amazon—Here’s What It means
• Wendy’s Deal Buzz May Give Fast-Food Investors a New Reason to Look
• Home Depot Analysts See a Path to $375 and Beyond

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.