Denison Mine Corp (NYSEAMERICAN:DNN) Given Consensus Rating of "Buy" by Analysts

Key Points

• Denison Mine Corp has received a consensus rating of "Buy" from nine brokerages, with seven analysts recommending a buy and two recommending a strong buy.
• The average one-year target price for Denison Mine shares among brokers is $3.00, indicating potential upside from current levels.
• Institutional investors hold 36.74% of the company's stock, with significant investments from firms like Alyeska Investment Group and Millennium Management.

Shares of Denison Mine Corp (NYSEAMERICAN:DNN - Get Free Report) TSE: DML have earned an average rating of "Buy" from the eight analysts that are presently covering the company, Marketbeat.com reports. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $3.00.

A number of equities analysts have recently commented on DNN shares. Raymond James Financial reiterated an "outperform" rating on shares of Denison Mine in a report on Monday, August 18th. National Bankshares reissued an "outperform" rating on shares of Denison Mine in a research note on Monday, August 18th. TD Securities reissued a "buy" rating on shares of Denison Mine in a research note on Monday, August 11th. Scotiabank reissued an "outperform" rating on shares of Denison Mine in a research note on Thursday, August 7th. Finally, Desjardins raised shares of Denison Mine to a "moderate buy" rating in a research note on Monday, August 18th.

Denison Mine Price Performance

Shares of NYSEAMERICAN DNN traded up $0.07 during mid-day trading on Monday, hitting $2.35. 67,370,041 shares of the stock traded hands, compared to its average volume of 54,397,460. Denison Mine has a twelve month low of $1.08 and a twelve month high of $2.47. The company has a market cap of $2.11 billion, a PE ratio of -39.17 and a beta of 1.38. The firm has a 50 day simple moving average of $2.04 and a two-hundred day simple moving average of $1.69.

Institutional Trading of Denison Mine

Several institutional investors have recently modified their holdings of the business. Sowell Financial Services LLC bought a new stake in Denison Mine during the first quarter valued at $26,000. Providence Capital Advisors LLC bought a new stake in Denison Mine during the first quarter valued at $30,000. WealthShield Partners LLC boosted its position in Denison Mine by 50.0% during the second quarter. WealthShield Partners LLC now owns 18,000 shares of the basic materials company's stock valued at $33,000 after acquiring an additional 6,000 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in Denison Mine during the second quarter valued at $38,000. Finally, R Squared Ltd bought a new stake in Denison Mine during the second quarter valued at $39,000. Institutional investors own 36.74% of the company's stock.

About Denison Mine

Denison Mines Corp. engages in the acquisition, exploration, and development of uranium bearing properties in Canada. Its flagship project is the Wheeler River uranium project covering an area of approximately 300,000 hectares located in the Athabasca Basin region in northern Saskatchewan. The company was formerly known as International Uranium Corporation and changed its name to Denison Mines Corp.