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

Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) has been given an average rating of “Moderate Buy” by the six analysts that are presently covering the stock, Marketbeat.com 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 1 year target price among analysts that have covered the stock in the last year is $5.3750.

DNN has been the subject of a number of research reports. Zacks Research lowered shares of Denison Mine from a “strong-buy” rating to a “hold” rating in a report on Friday, May 15th. Scotiabank reissued an “outperform” rating on shares of Denison Mine in a report on Thursday, May 14th. Finally, TD Securities raised their price target 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 Stock Performance

Shares of Denison Mine stock opened at $3.27 on Tuesday. 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 has a market cap of $2.96 billion, a P/E ratio of -14.22 and a beta of 1.18. The firm has a 50 day simple moving average of $3.50 and a 200 day simple moving average of $3.49. Denison Mine has a fifty-two week low of $1.67 and a fifty-two week high of $4.43.

Institutional Trading of Denison Mine

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

Denison Mine Company Profile

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.