Denison Mines (NYSEAMERICAN:DNN) Rating Reiterated by Roth Mkm

Denison Mines (NYSEAMERICAN:DNN) (TSE:DML)‘s stock had its “buy” rating reaffirmed by Roth Mkm in a research note issued to investors on Wednesday, Benzinga reports. They presently have a $2.75 target price on the basic materials company’s stock, up from their prior target price of $2.60. Roth Mkm’s price objective points to a potential upside of 25.57% from the company’s current price.

DNN has been the subject of a number of other research reports. National Bank Financial raised Denison Mines to a “strong-buy” rating in a research note on Tuesday, September 3rd. Roth Capital upgraded Denison Mines to a “strong-buy” rating in a research report on Thursday, June 27th. Cibc World Mkts upgraded Denison Mines to a “strong-buy” rating in a research report on Thursday, September 26th. StockNews.com upgraded Denison Mines to a “sell” rating in a research report on Wednesday, July 31st. Finally, CIBC started coverage on Denison Mines in a research report on Thursday, September 26th. They issued a “sector outperform” rating and a $3.25 target price on the stock. One analyst has rated the stock with a sell rating, three have issued a buy rating and four have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $3.00.

Denison Mines Stock Performance

DNN stock opened at $2.19 on Wednesday. The firm has a market capitalization of $1.95 billion, a P/E ratio of 36.50 and a beta of 1.71. The company has a 50-day moving average of $1.99. Denison Mines has a 52 week low of $1.40 and a 52 week high of $2.47.

Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) last posted its quarterly earnings results on Thursday, August 8th. The basic materials company reported ($0.01) EPS for the quarter, meeting analysts’ consensus estimates of ($0.01). The business had revenue of $0.97 million during the quarter, compared to the consensus estimate of $0.80 million. Denison Mines had a return on equity of 9.45% and a net margin of 950.42%. As a group, analysts anticipate that Denison Mines will post -0.06 EPS for the current fiscal year.

Institutional Trading of Denison Mines

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Hood River Capital Management LLC boosted its holdings in Denison Mines by 9.2% in the second quarter. Hood River Capital Management LLC now owns 25,263,766 shares of the basic materials company’s stock valued at $50,275,000 after acquiring an additional 2,138,603 shares during the last quarter. Point72 Asset Management L.P. boosted its holdings in Denison Mines by 0.5% in the second quarter. Point72 Asset Management L.P. now owns 10,135,800 shares of the basic materials company’s stock valued at $20,170,000 after acquiring an additional 46,000 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Denison Mines by 39.9% in the second quarter. Van ECK Associates Corp now owns 7,405,225 shares of the basic materials company’s stock valued at $14,748,000 after acquiring an additional 2,111,912 shares during the last quarter. Vident Advisory LLC boosted its holdings in Denison Mines by 15.0% in the first quarter. Vident Advisory LLC now owns 6,764,463 shares of the basic materials company’s stock valued at $13,191,000 after acquiring an additional 884,599 shares during the last quarter. Finally, Lloyd Harbor Capital Management LLC boosted its holdings in Denison Mines by 168.5% in the second quarter. Lloyd Harbor Capital Management LLC now owns 6,175,016 shares of the basic materials company’s stock valued at $12,288,000 after acquiring an additional 3,875,016 shares during the last quarter. 36.74% of the stock is currently owned by institutional investors.

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.