Brokerages Set Denison Mines Corp. (NYSEAMERICAN:DNN) Target Price at $3.00

Shares of Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) have earned a consensus rating of “Buy” from the seven research firms that are currently covering the company, Marketbeat reports. Four research analysts have rated the stock with a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $3.00.

Separately, Scotiabank reaffirmed an “outperform” rating on shares of Denison Mines in a research report on Tuesday, March 25th.

Hedge Funds Weigh In On Denison Mines

Hedge funds and other institutional investors have recently bought and sold shares of the company. Alyeska Investment Group L.P. acquired a new position in Denison Mines in the fourth quarter valued at approximately $35,837,000. Segra Capital Management LLC increased its stake in shares of Denison Mines by 124.8% in the 3rd quarter. Segra Capital Management LLC now owns 18,268,562 shares of the basic materials company’s stock valued at $33,431,000 after acquiring an additional 10,140,540 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Denison Mines by 43.3% during the 4th quarter. Van ECK Associates Corp now owns 20,879,491 shares of the basic materials company’s stock valued at $37,595,000 after acquiring an additional 6,305,332 shares during the period. Millennium Management LLC boosted its stake in Denison Mines by 393.3% during the fourth quarter. Millennium Management LLC now owns 5,122,978 shares of the basic materials company’s stock worth $9,221,000 after acquiring an additional 4,084,401 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in Denison Mines by 116.6% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,131,404 shares of the basic materials company’s stock worth $12,932,000 after purchasing an additional 3,838,504 shares during the period. Institutional investors and hedge funds own 36.74% of the company’s stock.

Denison Mines Stock Performance

DNN stock opened at $1.24 on Friday. The company has a market capitalization of $1.11 billion, a P/E ratio of -124.00 and a beta of 1.75. The company has a fifty day moving average price of $1.61 and a 200-day moving average price of $1.89. Denison Mines has a 52-week low of $1.23 and a 52-week high of $2.47.

Denison Mines Company Profile

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.