Denison Mine Corp (NYSEAMERICAN:DNN) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Analysts maintain a “Moderate Buy” consensus on Denison Mines, with six buy ratings and one hold rating. The average 12-month price target is $5.375, above the stock’s recent $3.42 price.
• Denison shares have traded between $2.20 and $4.43 over the past year, with a market capitalization of approximately $3.10 billion and a 50-day moving average of $3.16.
• Institutional investors own 36.74% of the company, while several investment firms recently initiated positions. Denison’s flagship asset is the 66.9%-owned Wheeler River uranium project in Saskatchewan’s Athabasca Basin.

Shares of Denison Mine Corp (NYSEAMERICAN:DNN - Get Free Report) TSE: DML have been given an average rating of "Moderate Buy" by the seven research firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $5.3750.

Several equities analysts have recently weighed in on DNN shares. Scotiabank reissued an "outperform" rating on shares of Denison Mine in a research report on Thursday, May 14th. Jefferies Financial Group began coverage on shares of Denison Mine in a report on Thursday. They set a "buy" rating for the company. Royal Bank Of Canada assumed coverage on shares of Denison Mine in a research note on Monday, July 13th. They issued an "outperform" rating on the stock. Finally, Zacks Research cut shares of Denison Mine from a "strong-buy" rating to a "hold" rating in a report on Friday, May 15th.

Denison Mine Stock Performance

Shares of NYSEAMERICAN DNN opened at $3.42 on Friday. The company has a current ratio of 9.41, a quick ratio of 9.14 and a debt-to-equity ratio of 2.38. The company has a market capitalization of $3.10 billion, a P/E ratio of -15.55 and a beta of 1.24. Denison Mine has a 12 month low of $2.20 and a 12 month high of $4.43. The stock has a 50 day moving average of $3.16 and a 200-day moving average of $3.45.

Hedge Funds Weigh In On Denison Mine

Large investors have recently made changes to their positions in the company. Summitry LLC acquired a new stake in Denison Mine during the 4th quarter worth approximately $27,000. Kelleher Financial Advisors acquired a new position in Denison Mine in the 2nd quarter valued at $27,000. First Citizens Bank & Trust Co. bought a new position in Denison Mine during the 4th quarter worth $27,000. Invesco Ltd. bought a new position in Denison Mine during the 4th quarter worth $27,000. Finally, Northwestern Mutual Wealth Management Co. bought a new position in Denison Mine during the 2nd quarter worth $28,000. Institutional investors 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.

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