Denison Mines Corp. (NYSEAMERICAN:DNN) Receives $3.00 Consensus Price Target from Analysts

Shares of Denison Mines Corp. (NYSEAMERICAN:DNN - Get Free Report) TSE: DML have been given a consensus recommendation of "Buy" by the eight research firms that are presently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a buy rating and three have issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $3.00.

DNN has been the topic of a number of research reports. Scotiabank reiterated an "outperform" rating on shares of Denison Mines in a report on Tuesday, March 25th. Desjardins started coverage on shares of Denison Mines in a research note on Friday, April 4th. They issued a "buy" rating on the stock.

Denison Mines Stock Up 3.2%

Shares of DNN stock traded up $0.05 during trading hours on Wednesday, reaching $1.63. 135,581,660 shares of the stock traded hands, compared to its average volume of 40,941,804. The firm has a market capitalization of $1.46 billion, a PE ratio of -163.00 and a beta of 1.75. Denison Mines has a 1-year low of $1.08 and a 1-year high of $2.47. The business has a fifty day moving average price of $1.45 and a 200 day moving average price of $1.77.

Institutional Investors Weigh In On Denison Mines

Several institutional investors and hedge funds have recently made changes to their positions in DNN. Alyeska Investment Group L.P. acquired a new position in Denison Mines during the 4th quarter worth $35,837,000. MMCAP International Inc. SPC raised its position in shares of Denison Mines by 36.4% during the first quarter. MMCAP International Inc. SPC now owns 23,895,317 shares of the basic materials company's stock worth $31,064,000 after acquiring an additional 6,371,531 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of Denison Mines by 43.3% during the fourth quarter. Van ECK Associates Corp now owns 20,879,491 shares of the basic materials company's stock valued at $37,595,000 after acquiring an additional 6,305,332 shares during the period. Millennium Management LLC lifted its stake in shares of Denison Mines by 393.3% during the fourth quarter. Millennium Management LLC now owns 5,122,978 shares of the basic materials company's stock valued at $9,221,000 after acquiring an additional 4,084,401 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Denison Mines by 116.6% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,131,404 shares of the basic materials company's stock valued at $12,932,000 after acquiring an additional 3,838,504 shares during the last quarter. Institutional investors and hedge funds own 36.74% of the company's stock.

About Denison Mines

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.