Denison Mines Corp. (NYSEAMERICAN:DNN) Given Consensus Rating of "Buy" by Brokerages

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

Several analysts have recently commented on DNN shares. Scotiabank reiterated an "outperform" rating on shares of Denison Mines in a report on Tuesday, March 25th. Desjardins began coverage on shares of Denison Mines in a research report on Friday, April 4th. They issued a "buy" rating for the company.

Institutional Investors Weigh In On Denison Mines

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Oxford Asset Management LLP purchased a new stake in shares of Denison Mines during the fourth quarter worth approximately $26,000. Sowell Financial Services LLC acquired a new stake in shares of Denison Mines in the 1st quarter worth $26,000. Vantage Point Financial LLC purchased a new stake in shares of Denison Mines in the fourth quarter valued at about $34,000. Commonwealth Equity Services LLC raised its holdings in Denison Mines by 74.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 19,964 shares of the basic materials company's stock worth $36,000 after purchasing an additional 8,500 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new stake in Denison Mines in the fourth quarter valued at about $38,000. 36.74% of the stock is currently owned by institutional investors and hedge funds.

Denison Mines Trading Down 2.1 %

Shares of DNN stock traded down $0.03 during trading hours on Tuesday, reaching $1.39. 37,198,582 shares of the stock were exchanged, compared to its average volume of 29,862,614. Denison Mines has a 12-month low of $1.08 and a 12-month high of $2.47. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of -139.00 and a beta of 1.75. The company's 50-day moving average price is $1.40 and its 200-day moving average price is $1.82.

Denison Mines 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.