Denison Mine Corp (NYSEAMERICAN:DNN) Stock Now Rated "Moderate Buy" by Wall Street Brokerages

Key Points

• Denison Mine has a “Moderate Buy” consensus rating from seven analysts: six recommend buying the stock, while one rates it a sell. The average 12-month price target is $5.38.
• Institutional investors and hedge funds own 36.74% of the company, with several firms recently establishing new positions.
• DNN shares opened at $2.17, near their 52-week low of $2.10 and below the 52-week high of $4.43. Denison is focused on uranium exploration and development in Canada’s Athabasca Basin, including its Wheeler River project.

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

Several brokerages have weighed in on DNN. Jefferies Financial Group began coverage on Denison Mine in a research note on Thursday, September 3rd. They set a "buy" rating on the stock. Royal Bank Of Canada began coverage on shares of Denison Mine in a research report on Monday, July 13th. They issued an "outperform" rating on the stock. Finally, Zacks Research lowered shares of Denison Mine from a "hold" rating to a "strong sell" rating in a research report on Thursday, October 15th.

Institutional Investors Weigh In On Denison Mine

Hedge funds and other institutional investors have recently made changes to their positions in the company. Kelleher Financial Advisors purchased a new position in Denison Mine in the second quarter valued at $27,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Denison Mine during the 2nd quarter worth $28,000. Shore Point Advisors LLC acquired a new stake in shares of Denison Mine during the third quarter valued at about $26,000. SLT Holdings LLC purchased a new stake in Denison Mine in the third quarter valued at approximately $26,000. Finally, Farther Finance Advisors LLC purchased a new position in Denison Mine during the 3rd quarter valued at about $28,000. Institutional investors and hedge funds own 36.74% of the company's stock.

Denison Mine Price Performance

Shares of DNN stock opened at $2.17 on Monday. The stock has a market cap of $1.96 billion, a P/E ratio of -9.86 and a beta of 1.37. Denison Mine has a 52 week low of $2.10 and a 52 week high of $4.43. The company has a quick ratio of 9.14, a current ratio of 9.41 and a debt-to-equity ratio of 2.38. The company's fifty day simple moving average is $2.87 and its two-hundred day simple moving average is $3.16.

Denison Mine Company Profile

Denison Mines Corp. is a uranium exploration, development and production-stage company focused primarily on projects in Canada's Athabasca Basin in northern Saskatchewan. The region is known for its high-grade uranium deposits. Denison's activities include mineral exploration, project evaluation, mine development and interests in uranium production assets.

The company's principal development asset is the Wheeler River project, which includes the Phoenix and Gryphon uranium deposits. Denison has advanced Phoenix as an in-situ recovery project and continues to evaluate development plans for its uranium resources.

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