Denison Mine Corp (NYSEAMERICAN:DNN) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) has been given a consensus recommendation of “Moderate Buy” by the six research firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $5.3750.

A number of equities research analysts have recently issued reports on DNN shares. Scotiabank reaffirmed an “outperform” rating on shares of Denison Mine in a report on Thursday, May 14th. Zacks Research cut shares of Denison Mine from a “strong-buy” rating to a “hold” rating in a report on Friday, May 15th. Finally, TD Securities upped their target price on shares of Denison Mine from $6.00 to $6.50 and gave the company a “buy” rating in a report on Thursday, March 12th.

Denison Mine Trading Down 2.4%

Shares of NYSEAMERICAN:DNN opened at $3.27 on Tuesday. The company’s 50-day moving average price is $3.50 and its two-hundred day moving average price is $3.49. The company has a debt-to-equity ratio of 2.81, a current ratio of 13.77 and a quick ratio of 13.46. Denison Mine has a one year low of $1.67 and a one year high of $4.43. The stock has a market capitalization of $2.96 billion, a PE ratio of -14.22 and a beta of 1.18.

Institutional Investors Weigh In On Denison Mine

A number of institutional investors and hedge funds have recently modified their holdings of the company. WealthShield Partners LLC raised its holdings in shares of Denison Mine by 28.0% in the 4th quarter. WealthShield Partners LLC now owns 16,000 shares of the basic materials company’s stock valued at $43,000 after purchasing an additional 3,500 shares during the period. Park Avenue Securities LLC raised its holdings in Denison Mine by 26.1% in the 4th quarter. Park Avenue Securities LLC now owns 17,068 shares of the basic materials company’s stock valued at $45,000 after acquiring an additional 3,533 shares during the period. Caitong International Asset Management Co. Ltd raised its holdings in Denison Mine by 42.4% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 12,920 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 3,844 shares during the period. NewEdge Wealth LLC raised its holdings in Denison Mine by 33.3% in the 1st quarter. NewEdge Wealth LLC now owns 20,000 shares of the basic materials company’s stock valued at $71,000 after acquiring an additional 5,000 shares during the period. Finally, Financial Sense Advisors Inc. raised its holdings in Denison Mine by 36.3% in the 4th quarter. Financial Sense Advisors Inc. now owns 18,786 shares of the basic materials company’s stock valued at $50,000 after acquiring an additional 5,000 shares during the period. 36.74% of the stock is owned by institutional investors.

About Denison Mine

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.