Denison Mines Corp. (NYSEAMERICAN:DNN) Receives Average Rating of "Buy" from Analysts

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

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

Denison Mines Trading Down 2.3%

Shares of NYSEAMERICAN DNN traded down $0.04 during mid-day trading on Friday, reaching $1.49. 18,323,230 shares of the company's stock were exchanged, compared to its average volume of 32,514,515. The business has a fifty day simple moving average of $1.39 and a 200 day simple moving average of $1.77. Denison Mines has a twelve month low of $1.08 and a twelve month high of $2.47. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of -149.50 and a beta of 1.75.

Institutional Trading of Denison Mines

Several hedge funds have recently added to or reduced their stakes in DNN. Oxford Asset Management LLP bought a new position in shares of Denison Mines during the fourth quarter worth approximately $26,000. Sowell Financial Services LLC bought a new position in Denison Mines during the 1st quarter worth $26,000. Providence Capital Advisors LLC acquired a new position in Denison Mines in the 1st quarter valued at $30,000. Vantage Point Financial LLC bought a new stake in shares of Denison Mines during the 4th quarter valued at $34,000. Finally, Commonwealth Equity Services LLC grew its holdings in shares of Denison Mines by 74.1% during the 4th 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. 36.74% of the stock is owned by institutional investors and hedge funds.

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.