Denison Mine Corp (NYSEAMERICAN:DNN) Receives Consensus Rating of "Buy" from Brokerages

Key Points

• Denison Mine Corp (NYSEAMERICAN:DNN) has received an average rating of "Buy" from seven brokerage firms, with five analysts recommending a buy and two issuing a strong buy.
• The average price target among brokerages for Denison Mine's stock over the next 12 months is $3.00.
• Millennium Management LLC significantly increased its stake in Denison Mine by 393.3% in the fourth quarter, now owning over 5 million shares valued at approximately $9.2 million.

Shares of Denison Mine Corp (NYSEAMERICAN:DNN - Get Free Report) TSE: DML have been assigned a consensus rating of "Buy" from the seven analysts that are covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $3.00.

Separately, Scotiabank restated an "outperform" rating on shares of Denison Mine in a report on Thursday.

Denison Mine Trading Up 1.2%

Shares of NYSEAMERICAN DNN traded up $0.03 during mid-day trading on Thursday, reaching $2.15. The company had a trading volume of 6,237,768 shares, compared to its average volume of 79,088,055. Denison Mine has a 52-week low of $1.08 and a 52-week high of $2.47. The stock has a market cap of $1.92 billion, a P/E ratio of -35.75 and a beta of 1.39. The firm has a 50 day simple moving average of $1.89 and a two-hundred day simple moving average of $1.68.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Oxford Asset Management LLP bought a new position in shares of Denison Mine during the fourth quarter worth about $26,000. WealthShield Partners LLC boosted its position in shares of 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 buying an additional 6,000 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in shares of Denison Mine by 74.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 19,964 shares of the basic materials company's stock valued at $36,000 after buying an additional 8,500 shares during the last quarter. Sowell Financial Services LLC bought a new stake in Denison Mine during the first quarter worth $26,000. Finally, Headlands Technologies LLC bought a new stake in Denison Mine during the fourth quarter worth $38,000. 36.74% of the stock is owned by institutional investors and hedge funds.

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.