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

Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) has been assigned an average rating of “Buy” from the eight analysts that are currently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a buy recommendation and three have given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $3.00.

DNN has been the topic of a number of recent research reports. Scotiabank reaffirmed an “outperform” rating on shares of Denison Mines in a research note on Tuesday, March 25th. Desjardins started coverage on Denison Mines in a report on Friday, April 4th. They issued a “buy” rating for the company.

Denison Mines Stock Performance

NYSEAMERICAN:DNN opened at $1.65 on Wednesday. The company has a market cap of $1.48 billion, a price-to-earnings ratio of -165.00 and a beta of 1.75. The stock’s fifty day moving average price is $1.48 and its two-hundred day moving average price is $1.76. Denison Mines has a 52-week low of $1.08 and a 52-week high of $2.47.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Oxford Asset Management LLP bought a new stake in Denison Mines during the fourth quarter worth about $26,000. Sowell Financial Services LLC acquired a new stake in shares of Denison Mines in the 1st quarter valued at approximately $26,000. Providence Capital Advisors LLC acquired a new position in Denison Mines during the 1st quarter worth approximately $30,000. Commonwealth Equity Services LLC lifted its stake in Denison Mines by 74.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 19,964 shares of the basic materials company’s stock valued at $36,000 after purchasing an additional 8,500 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new stake in Denison Mines in the fourth quarter valued at approximately $38,000. Institutional investors and hedge funds own 36.74% of the company’s stock.

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.