Denison Mine Corp (NYSEAMERICAN:DNN) Receives $2.75 Average Price Target from Analysts

Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) has been given an average recommendation of “Buy” by the five brokerages that are currently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a buy rating. The average 1 year price target among brokers that have covered the stock in the last year is $2.75.

A number of research analysts recently weighed in on DNN shares. Scotiabank reissued an “outperform” rating on shares of Denison Mine in a research note on Thursday, August 7th. National Bankshares reissued an “outperform” rating on shares of Denison Mine in a research note on Monday, August 18th. Raymond James Financial reissued an “outperform” rating on shares of Denison Mine in a research note on Monday, August 18th. Desjardins raised Denison Mine to a “moderate buy” rating in a research note on Monday, August 18th. Finally, TD Securities reaffirmed a “buy” rating on shares of Denison Mine in a report on Monday, August 11th.

Institutional Trading of Denison Mine

Several institutional investors have recently modified their holdings of the company. MMCAP International Inc. SPC grew its holdings in shares of Denison Mine by 36.4% during the 1st quarter. MMCAP International Inc. SPC now owns 23,895,317 shares of the basic materials company’s stock worth $31,064,000 after purchasing an additional 6,371,531 shares in the last quarter. Vident Advisory LLC grew its holdings in shares of Denison Mine by 41.9% during the 2nd quarter. Vident Advisory LLC now owns 9,755,610 shares of the basic materials company’s stock worth $17,755,000 after purchasing an additional 2,881,618 shares in the last quarter. TD Asset Management Inc grew its holdings in shares of Denison Mine by 4.1% during the 2nd quarter. TD Asset Management Inc now owns 8,987,804 shares of the basic materials company’s stock worth $16,401,000 after purchasing an additional 352,195 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Denison Mine by 35.4% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 8,945,229 shares of the basic materials company’s stock worth $16,367,000 after purchasing an additional 2,338,325 shares in the last quarter. Finally, Millennium Management LLC grew its holdings in shares of Denison Mine by 11.5% during the 1st quarter. Millennium Management LLC now owns 5,710,330 shares of the basic materials company’s stock worth $7,423,000 after purchasing an additional 587,352 shares in the last quarter. Institutional investors and hedge funds own 36.74% of the company’s stock.

Denison Mine Stock Performance

Shares of DNN stock opened at $2.77 on Friday. The stock’s 50 day simple moving average is $2.33 and its 200 day simple moving average is $1.84. Denison Mine has a twelve month low of $1.08 and a twelve month high of $2.95. The company has a market capitalization of $2.48 billion, a price-to-earnings ratio of -46.17 and a beta of 1.32.

Denison Mine 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.