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

Key Points

• Analysts hold a “Moderate Buy” consensus on Denison Mines, with six buy ratings and one hold among seven analysts. The average 12-month price target is $5.375, above the reported share price of $3.31.
• Institutional investors and hedge funds own 36.74% of the company, with several firms recently initiating positions in the uranium developer.
• Denison is focused on uranium exploration and development in Saskatchewan’s Athabasca Basin, led by its 66.9%-owned Wheeler River Project, a major undeveloped high-grade uranium deposit.

Denison Mine Corp (NYSEAMERICAN:DNN - Get Free Report) TSE: DML has earned a consensus recommendation of "Moderate Buy" from the seven analysts that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $5.3750.

DNN has been the topic of a number of recent research reports. Zacks Research cut Denison Mine from a "strong-buy" rating to a "hold" rating in a report on Friday, May 15th. Scotiabank restated an "outperform" rating on shares of Denison Mine in a research note on Thursday, May 14th. Finally, Royal Bank Of Canada began coverage on shares of Denison Mine in a report on Monday, July 13th. They set an "outperform" rating on the stock.

Institutional Investors Weigh In On Denison Mine

A number of institutional investors and hedge funds have recently made changes to their positions in DNN. SG Americas Securities LLC bought a new stake in Denison Mine during the 4th quarter worth approximately $27,000. Summitry LLC purchased a new stake in shares of Denison Mine in the fourth quarter worth approximately $27,000. Kelleher Financial Advisors bought a new position in shares of Denison Mine in the second quarter valued at approximately $27,000. First Citizens Bank & Trust Co. bought a new position in shares of Denison Mine in the fourth quarter valued at approximately $27,000. Finally, Invesco Ltd. bought a new position in shares of Denison Mine in the fourth quarter valued at approximately $27,000. Institutional investors and hedge funds own 36.74% of the company's stock.

Denison Mine Stock Up 1.5%

DNN stock opened at $3.31 on Wednesday. The stock's 50 day simple moving average is $3.09 and its 200 day simple moving average is $3.51. The company has a market cap of $3.00 billion, a P/E ratio of -14.39 and a beta of 1.23. The company has a debt-to-equity ratio of 2.81, a quick ratio of 13.46 and a current ratio of 13.77. Denison Mine has a fifty-two week low of $1.86 and a fifty-two week high of $4.43.

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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