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

Shares of Denison Mine Corp (NYSEAMERICAN:DNN - Get Free Report) TSE: DML have earned a consensus recommendation of "Buy" from the six brokerages that are covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $5.3750.

A number of research firms have recently weighed in on DNN. Scotiabank reaffirmed an "outperform" rating on shares of Denison Mine in a research note on Friday, February 20th. Roth Mkm restated a "buy" rating and issued a $4.25 price objective on shares of Denison Mine in a report on Wednesday, February 18th. Zacks Research raised shares of Denison Mine from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 11th. TD Securities lifted their target price on shares of Denison Mine from $6.00 to $6.50 and gave the company a "buy" rating in a research note on Thursday, March 12th. Finally, Raymond James Financial reissued an "outperform" rating on shares of Denison Mine in a research report on Wednesday, January 14th.

Institutional Investors Weigh In On Denison Mine

A number of large investors have recently bought and sold shares of the business. WealthShield Partners LLC increased its position in Denison Mine by 28.0% during the fourth quarter. WealthShield Partners LLC now owns 16,000 shares of the basic materials company's stock worth $43,000 after buying an additional 3,500 shares during the last quarter. Park Avenue Securities LLC lifted its position in shares of Denison Mine by 26.1% in the fourth quarter. Park Avenue Securities LLC now owns 17,068 shares of the basic materials company's stock worth $45,000 after buying an additional 3,533 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in shares of Denison Mine by 42.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 12,920 shares of the basic materials company's stock worth $34,000 after acquiring an additional 3,844 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Denison Mine by 65.6% during the 3rd quarter. Jones Financial Companies Lllp now owns 11,515 shares of the basic materials company's stock valued at $32,000 after acquiring an additional 4,563 shares during the last quarter. Finally, Financial Sense Advisors Inc. increased its holdings in shares of Denison Mine by 36.3% during the 4th quarter. Financial Sense Advisors Inc. now owns 18,786 shares of the basic materials company's stock valued at $50,000 after acquiring an additional 5,000 shares during the last quarter. 36.74% of the stock is currently owned by institutional investors.

Denison Mine Price Performance

Shares of NYSEAMERICAN:DNN opened at $3.75 on Monday. The company has a current ratio of 10.75, a quick ratio of 10.51 and a debt-to-equity ratio of 1.66. Denison Mine has a 1 year low of $1.39 and a 1 year high of $4.43. The business has a fifty day simple moving average of $3.79 and a 200 day simple moving average of $3.33. The firm has a market cap of $3.39 billion, a price-to-earnings ratio of -22.06 and a beta of 1.23.

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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