Denison Mine (NYSEAMERICAN:DNN) Raised to "Moderate Buy" at Desjardins

Key Points

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Desjardins upgraded shares of Denison Mine (NYSEAMERICAN:DNN - Free Report) TSE: DML to a moderate buy rating in a research report report published on Monday morning,Zacks.com reports. Desjardins also issued estimates for Denison Mine's FY2025 earnings at ($0.12) EPS, FY2026 earnings at ($0.05) EPS and FY2027 earnings at ($0.05) EPS.

Several other analysts also recently weighed in on DNN. Scotiabank restated an "outperform" rating on shares of Denison Mine in a research note on Thursday, August 7th. Raymond James Financial restated an "outperform" rating on shares of Denison Mine in a research note on Monday, August 18th. National Bankshares restated an "outperform" rating on shares of Denison Mine in a research note on Monday, August 18th. Finally, TD Securities reiterated a "buy" rating on shares of Denison Mine in a research note on Monday, August 11th. Two analysts have rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. Based on data from MarketBeat, Denison Mine currently has a consensus rating of "Buy" and an average price target of $3.00.

Denison Mine Price Performance

NYSEAMERICAN DNN traded up $0.13 during trading hours on Monday, hitting $2.08. The company had a trading volume of 60,700,252 shares, compared to its average volume of 58,906,356. Denison Mine has a fifty-two week low of $1.08 and a fifty-two week high of $2.47. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of -34.67 and a beta of 1.39. The firm's 50 day moving average is $1.97 and its 200 day moving average is $1.68.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Oxford Asset Management LLP acquired a new position in Denison Mine in the fourth quarter worth approximately $26,000. Sowell Financial Services LLC purchased a new position in Denison Mine during the 1st quarter worth approximately $26,000. Providence Capital Advisors LLC purchased a new position in Denison Mine during the 1st quarter worth approximately $30,000. WealthShield Partners LLC grew its position in Denison Mine by 50.0% during the 2nd quarter. WealthShield Partners LLC now owns 18,000 shares of the basic materials company's stock worth $33,000 after purchasing an additional 6,000 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. purchased a new position in Denison Mine during the 2nd quarter worth approximately $38,000. Institutional investors and hedge funds own 36.74% of the company's stock.

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.