Denison Mine Corp (NYSEAMERICAN:DNN) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• Denison Mines has a “Moderate Buy” consensus rating from seven analysts: six rate it a buy and one recommends holding. The average 12-month price target is $5.38.
• The stock opened at $2.59, compared with a 52-week range of $2.20 to $4.43, and has a market capitalization of approximately $2.34 billion.
• Institutional investors own 36.74% of the company, with several firms—including Tidal Investments and NewEdge Advisors—recently increasing their positions or initiating coverage.

Shares of Denison Mine Corp (NYSEAMERICAN:DNN - Get Free Report) TSE: DML have earned a consensus recommendation of "Moderate Buy" from the seven brokerages that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $5.38.

Several analysts have recently commented on the company. Jefferies Financial Group began coverage on Denison Mine in a report on Thursday, September 3rd. They set a "buy" rating on the stock. Royal Bank Of Canada initiated coverage on Denison Mine in a report on Monday, July 13th. They issued an "outperform" rating for the company.

Denison Mine Price Performance

Shares of NYSEAMERICAN:DNN opened at $2.59 on Thursday. Denison Mine has a 52 week low of $2.20 and a 52 week high of $4.43. The company has a debt-to-equity ratio of 2.38, a quick ratio of 9.14 and a current ratio of 9.41. The company's fifty day moving average is $3.10 and its 200-day moving average is $3.30. The company has a market capitalization of $2.34 billion, a PE ratio of -11.77 and a beta of 1.24.

Institutional Trading of Denison Mine

Institutional investors have recently bought and sold shares of the business. Tidal Investments LLC grew its position in shares of Denison Mine by 210.5% in the 2nd quarter. Tidal Investments LLC now owns 1,446,030 shares of the basic materials company's stock valued at $4,425,000 after purchasing an additional 980,277 shares during the period. NewEdge Advisors LLC raised its holdings in Denison Mine by 70.7% during the 2nd quarter. NewEdge Advisors LLC now owns 15,367 shares of the basic materials company's stock worth $47,000 after buying an additional 6,363 shares during the period. Squarepoint Ops LLC bought a new position in Denison Mine in the second quarter valued at approximately $1,234,000. Amundi acquired a new position in shares of Denison Mine in the second quarter valued at approximately $606,000. Finally, HighTower Advisors LLC acquired a new position in shares of Denison Mine in the second quarter valued at approximately $394,000. Institutional investors and hedge funds own 36.74% of the company's stock.

Denison Mine Company Profile

Denison Mines Corp. is a uranium exploration, development and production company focused primarily on the Athabasca Basin in northern Saskatchewan, Canada. The company's activities include the acquisition, evaluation and advancement of uranium mineral properties, with an emphasis on projects that could support future uranium production.

Denison's flagship asset is the Wheeler River project, which includes the Phoenix and Gryphon uranium deposits. Phoenix is being advanced as an in-situ recovery project, while Gryphon is being evaluated as an underground mining operation.

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