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

Denison Mines Corp. (NYSEAMERICAN:DNN - Get Free Report) TSE: DML has earned an average rating of "Buy" from the eight analysts that are currently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $3.00.

Several brokerages have weighed in on DNN. Scotiabank restated an "outperform" rating on shares of Denison Mines in a research note on Tuesday, March 25th. Desjardins assumed coverage on shares of Denison Mines in a report on Friday, April 4th. They issued a "buy" rating for the company.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Oxford Asset Management LLP purchased a new position in shares of Denison Mines during the fourth quarter worth $26,000. Sowell Financial Services LLC purchased a new position in shares of Denison Mines during the first quarter worth $26,000. Providence Capital Advisors LLC purchased a new position in shares of Denison Mines during the first quarter worth $30,000. Commonwealth Equity Services LLC increased its holdings in Denison Mines by 74.1% in 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 in the last quarter. Finally, Headlands Technologies LLC purchased a new position in Denison Mines in the fourth quarter valued at $38,000. Hedge funds and other institutional investors own 36.74% of the company's stock.

Denison Mines Stock Up 1.9%

Shares of NYSEAMERICAN DNN traded up $0.03 during midday trading on Wednesday, reaching $1.65. 237,340,229 shares of the company's stock traded hands, compared to its average volume of 42,627,670. The stock's 50 day simple moving average is $1.48 and its 200-day simple moving average is $1.76. Denison Mines has a one year low of $1.08 and a one year high of $2.47. The company has a market cap of $1.48 billion, a price-to-earnings ratio of -165.00 and a beta of 1.75.

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.