Denison Mine Corp (NYSEAMERICAN:DNN) Given Average Rating of "Buy" by Brokerages

Key Points

• Analysts hold an average Buy rating on Denison (six firms: five Buy, one Strong Buy) with a mean 1-year price target of $5.375; TD Securities raised its target to $6.50 and Zacks upgraded to Strong-Buy.
• Shares trade around $3.53 with a market cap of $3.19 billion, a 52-week range of $1.13–$4.43, a negative P/E of -20.76 and a beta of 1.25.
• Institutions own about 36.74% of the stock with recent position increases from firms like Mirae and ArrowMark, and Denison’s flagship asset is a 66.9% stake in the high-grade Wheeler River uranium project plus a strategic interest in the McClean Lake mill.

Denison Mine Corp (NYSEAMERICAN:DNN - Get Free Report) TSE: DML has been given an average rating of "Buy" by the six research firms that are currently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $5.3750.

Several research firms have recently commented on DNN. Scotiabank reiterated an "outperform" rating on shares of Denison Mine in a report on Friday, February 20th. Raymond James Financial reiterated an "outperform" rating on shares of Denison Mine in a report on Wednesday, January 14th. TD Securities lifted their price target on Denison Mine from $6.00 to $6.50 and gave the stock a "buy" rating in a report on Thursday, March 12th. Zacks Research upgraded Denison Mine from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 11th. Finally, Roth Mkm reiterated a "buy" rating and set a $4.25 price target on shares of Denison Mine in a report on Wednesday, February 18th.

Denison Mine Trading Up 1.1%

Shares of DNN stock opened at $3.53 on Thursday. The stock's fifty day moving average is $3.81 and its two-hundred day moving average is $3.22. The company has a debt-to-equity ratio of 1.66, a quick ratio of 10.51 and a current ratio of 10.75. The firm has a market capitalization of $3.19 billion, a P/E ratio of -20.76 and a beta of 1.25. Denison Mine has a fifty-two week low of $1.13 and a fifty-two week high of $4.43.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DNN. Triasima Portfolio Management inc. acquired a new stake in shares of Denison Mine during the 3rd quarter worth about $1,559,000. ArrowMark Colorado Holdings LLC increased its position in shares of Denison Mine by 15.7% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 2,892,000 shares of the basic materials company's stock worth $7,953,000 after purchasing an additional 393,000 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Denison Mine by 4.0% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 52,332,391 shares of the basic materials company's stock worth $144,051,000 after purchasing an additional 2,027,151 shares during the last quarter. Intact Investment Management Inc. increased its position in shares of Denison Mine by 32.7% during the 2nd quarter. Intact Investment Management Inc. now owns 2,727,100 shares of the basic materials company's stock worth $4,985,000 after purchasing an additional 672,400 shares during the last quarter. Finally, JPMorgan Chase & Co. acquired a new stake in shares of Denison Mine during the 3rd quarter worth about $3,032,000. Hedge funds and other institutional investors own 36.74% of the company's stock.

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.

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