Denison Mine Corp (NYSEAMERICAN:DNN) Given Average Rating of “Buy” by Analysts

Shares of Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) have earned an average recommendation of “Buy” from the five brokerages that are presently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a buy recommendation. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $2.75.

DNN has been the topic of a number of recent analyst reports. Scotiabank reissued an “outperform” rating on shares of Denison Mine in a report on Thursday, August 7th. Desjardins upgraded shares of Denison Mine to a “moderate buy” rating in a research note on Monday, August 18th. TD Securities restated a “buy” rating on shares of Denison Mine in a research report on Monday, August 11th. Raymond James Financial reaffirmed an “outperform” rating on shares of Denison Mine in a report on Friday, October 10th. Finally, National Bankshares reissued an “outperform” rating on shares of Denison Mine in a research note on Monday, August 18th.

Institutional Investors Weigh In On Denison Mine

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Sowell Financial Services LLC purchased a new position in Denison Mine in the 1st quarter worth approximately $26,000. Providence Capital Advisors LLC bought a new stake in shares of Denison Mine during the 1st quarter worth $30,000. WealthShield Partners LLC lifted its holdings in shares of Denison Mine by 50.0% during the 2nd quarter. WealthShield Partners LLC now owns 18,000 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 6,000 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new position in Denison Mine in the second quarter valued at $38,000. Finally, R Squared Ltd purchased a new stake in Denison Mine during the second quarter valued at about $39,000. 36.74% of the stock is owned by hedge funds and other institutional investors.

Denison Mine Stock Performance

Shares of DNN opened at $2.93 on Tuesday. Denison Mine has a 52-week low of $1.08 and a 52-week high of $3.42. The stock’s 50-day simple moving average is $2.52 and its 200 day simple moving average is $1.98. The stock has a market capitalization of $2.63 billion, a price-to-earnings ratio of -48.83 and a beta of 1.32.

About Denison Mine

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.