Denison Mine Corp (NYSEAMERICAN:DNN) Receives $5.38 Consensus Target Price from Analysts

Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) has received a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $5.3750.

A number of research firms have recently commented on DNN. Scotiabank reaffirmed an “outperform” rating on shares of Denison Mine in a research note on Thursday, May 14th. Zacks Research cut shares of Denison Mine from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. Finally, Royal Bank Of Canada started coverage on shares of Denison Mine in a report on Monday, July 13th. They issued an “outperform” rating for the company.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DNN. Chicago Partners Investment Group LLC acquired a new stake in Denison Mine in the fourth quarter valued at approximately $752,000. JPMorgan Chase & Co. acquired a new position in shares of Denison Mine during the third quarter worth $3,032,000. Goehring & Rozencwajg Associates LLC boosted its stake in shares of Denison Mine by 19.4% in the first quarter. Goehring & Rozencwajg Associates LLC now owns 4,720,615 shares of the basic materials company’s stock valued at $16,664,000 after purchasing an additional 767,863 shares during the period. Temasek Holdings Private Ltd purchased a new position in shares of Denison Mine in the first quarter valued at $13,163,000. Finally, Hennion & Walsh Asset Management Inc. grew its holdings in Denison Mine by 55.4% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 646,370 shares of the basic materials company’s stock valued at $1,719,000 after purchasing an additional 230,366 shares in the last quarter. Institutional investors and hedge funds own 36.74% of the company’s stock.

Denison Mine Stock Up 2.0%

Shares of NYSEAMERICAN DNN opened at $3.05 on Friday. Denison Mine has a 1 year low of $1.86 and a 1 year high of $4.43. The firm’s 50 day moving average price is $3.19 and its 200 day moving average price is $3.55. The firm has a market cap of $2.76 billion, a P/E ratio of -13.26 and a beta of 1.21. The company has a debt-to-equity ratio of 2.81, a quick ratio of 13.46 and a current ratio of 13.77.

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.