Denison Mine Corp (NYSEAMERICAN:DNN) Receives Average Rating of "Buy" from Analysts

Key Points

• Denison Mine Corp (NYSEAMERICAN:DNN) is currently rated as a "Buy" by five analysts, with an average 12-month price target of $2.75.
• Several institutions have significantly increased their stakes in Denison Mine, with MMCAP International raising its position by 36.4% and DAVENPORT & Co LLC by an astounding 4,648.7%.
• As of the report, Denison Mine's stock trades at $2.93, with a market capitalization of $2.63 billion and a 12-month price range between $1.08 and $3.42.

Denison Mine Corp (NYSEAMERICAN:DNN - Get Free Report) TSE: DML has been assigned an average rating of "Buy" from the five analysts that are currently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a buy recommendation. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $2.75.

A number of research firms have recently commented on DNN. Scotiabank reiterated an "outperform" rating on shares of Denison Mine in a research note on Thursday, August 7th. Desjardins upgraded shares of Denison Mine to a "moderate buy" rating in a report on Monday, August 18th. Raymond James Financial reaffirmed an "outperform" rating on shares of Denison Mine in a research report on Friday, October 10th. TD Securities reissued a "buy" rating on shares of Denison Mine in a research report on Monday, August 11th. Finally, National Bankshares restated an "outperform" rating on shares of Denison Mine in a research note on Monday, August 18th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. MMCAP International Inc. SPC raised its stake in Denison Mine by 36.4% in the 1st quarter. MMCAP International Inc. SPC now owns 23,895,317 shares of the basic materials company's stock valued at $31,064,000 after acquiring an additional 6,371,531 shares during the period. Vident Advisory LLC increased its stake in shares of Denison Mine by 41.9% in the second quarter. Vident Advisory LLC now owns 9,755,610 shares of the basic materials company's stock worth $17,755,000 after purchasing an additional 2,881,618 shares in the last quarter. TD Asset Management Inc raised its position in shares of Denison Mine by 4.1% in the second quarter. TD Asset Management Inc now owns 8,987,804 shares of the basic materials company's stock valued at $16,401,000 after purchasing an additional 352,195 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Denison Mine by 35.4% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 8,945,229 shares of the basic materials company's stock valued at $16,367,000 after buying an additional 2,338,325 shares in the last quarter. Finally, DAVENPORT & Co LLC lifted its stake in shares of Denison Mine by 4,648.7% during the 3rd quarter. DAVENPORT & Co LLC now owns 7,123,000 shares of the basic materials company's stock valued at $19,588,000 after buying an additional 6,973,000 shares in the last quarter. Hedge funds and other institutional investors own 36.74% of the company's stock.

Denison Mine Trading Up 0.3%

Shares of Denison Mine stock opened at $2.93 on Tuesday. The business's fifty day simple moving average is $2.52 and its 200 day simple moving average is $1.98. Denison Mine has a 12 month low of $1.08 and a 12 month high of $3.42. The firm has a market capitalization of $2.63 billion, a P/E ratio of -48.83 and a beta of 1.32.

Denison Mine Company Profile

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.

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