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

Shares of Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) have earned an average rating of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $5.3750.

A number of research firms have recently issued reports on DNN. TD Securities lifted their price objective on shares of Denison Mine from $6.00 to $6.50 and gave the stock a “buy” rating in a report on Thursday, March 12th. Zacks Research cut Denison Mine from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 15th. Roth Mkm restated a “buy” rating and issued a $4.25 target price on shares of Denison Mine in a research report on Wednesday, February 18th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Denison Mine in a research note on Thursday, May 14th.

Hedge Funds Weigh In On Denison Mine

Several institutional investors and hedge funds have recently made changes to their positions in the business. Chicago Partners Investment Group LLC bought a new position in Denison Mine during the 4th quarter worth approximately $752,000. ArrowMark Colorado Holdings LLC boosted its stake in shares of Denison Mine by 15.7% during the third quarter. ArrowMark Colorado Holdings LLC now owns 2,892,000 shares of the basic materials company’s stock valued at $7,953,000 after purchasing an additional 393,000 shares during the period. JPMorgan Chase & Co. purchased a new stake in shares of Denison Mine during the third quarter valued at approximately $3,032,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Denison Mine by 4.0% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 52,332,391 shares of the basic materials company’s stock worth $144,051,000 after purchasing an additional 2,027,151 shares during the last quarter. Finally, Van ECK Associates Corp increased its stake in shares of Denison Mine by 17.5% in the third quarter. Van ECK Associates Corp now owns 62,803,040 shares of the basic materials company’s stock worth $172,709,000 after buying an additional 9,348,414 shares during the period. Institutional investors own 36.74% of the company’s stock.

Denison Mine Trading Up 0.6%

Shares of DNN opened at $3.41 on Friday. Denison Mine has a 1-year low of $1.51 and a 1-year high of $4.43. The company has a market capitalization of $3.08 billion, a P/E ratio of -14.83 and a beta of 1.23. The company has a debt-to-equity ratio of 2.81, a current ratio of 13.77 and a quick ratio of 13.46. The firm’s 50 day simple moving average is $3.59 and its 200 day simple moving average is $3.40.

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.