Shares of Denison Mine Corp (NYSEAMERICAN:DNN – Get Free Report) (TSE:DML) have been given an average rating of “Moderate Buy” by the seven research firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $5.3750.
Several equities analysts have recently weighed in on DNN shares. Scotiabank reissued an “outperform” rating on shares of Denison Mine in a research report on Thursday, May 14th. Jefferies Financial Group began coverage on shares of Denison Mine in a report on Thursday. They set a “buy” rating for the company. Royal Bank Of Canada assumed coverage on shares of Denison Mine in a research note on Monday, July 13th. They issued an “outperform” rating on the stock. Finally, Zacks Research cut shares of Denison Mine from a “strong-buy” rating to a “hold” rating in a report on Friday, May 15th.
View Our Latest Stock Report on DNN
Denison Mine Stock Performance
Hedge Funds Weigh In On Denison Mine
Large investors have recently made changes to their positions in the company. Summitry LLC acquired a new stake in Denison Mine during the 4th quarter worth approximately $27,000. Kelleher Financial Advisors acquired a new position in Denison Mine in the 2nd quarter valued at $27,000. First Citizens Bank & Trust Co. bought a new position in Denison Mine during the 4th quarter worth $27,000. Invesco Ltd. bought a new position in Denison Mine during the 4th quarter worth $27,000. Finally, Northwestern Mutual Wealth Management Co. bought a new position in Denison Mine during the 2nd quarter worth $28,000. Institutional investors own 36.74% of the company’s stock.
Denison Mine Company Profile
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.
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