TD Securities Forecasts Strong Price Appreciation for Denison Mine (NYSEAMERICAN:DNN) Stock

Key Points

• TD Securities raised its price target on Denison to $6.50 (from $6.00) and maintained a "buy" rating, implying roughly a 61.93% upside from the previous close.
• Analyst consensus is bullish—five analysts rate DNN a Buy with a consensus target of $5.38—and the stock recently traded near $4.01 with a market cap of about $3.63 billion and a one‑year range of $1.08–$4.43.
• Denison's flagship asset is its 66.9% stake in the Wheeler River project, one of the largest undeveloped high‑grade uranium deposits in the Athabasca Basin, underpinning its exposure to the nuclear fuel supply chain.

Denison Mine (NYSEAMERICAN:DNN - Get Free Report) TSE: DML had its target price lifted by analysts at TD Securities from $6.00 to $6.50 in a research report issued on Thursday,Benzinga reports. The firm presently has a "buy" rating on the basic materials company's stock. TD Securities' price target would indicate a potential upside of 61.93% from the company's previous close.

Other equities research analysts have also issued reports about the company. Roth Mkm restated a "buy" rating and set a $4.25 price target on shares of Denison Mine in a research report on Wednesday, February 18th. Raymond James Financial reiterated an "outperform" rating on shares of Denison Mine in a research report on Wednesday, January 14th. Finally, Scotiabank reissued an "outperform" rating on shares of Denison Mine in a research note on Friday, February 20th. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Denison Mine has a consensus rating of "Buy" and a consensus price target of $5.38.

Denison Mine Price Performance

DNN stock traded up $0.01 during trading on Thursday, hitting $4.01. 32,648,321 shares of the stock traded hands, compared to its average volume of 49,157,699. The stock has a market cap of $3.63 billion, a price-to-earnings ratio of -26.76 and a beta of 1.18. Denison Mine has a one year low of $1.08 and a one year high of $4.43. The company has a current ratio of 11.97, a quick ratio of 11.78 and a debt-to-equity ratio of 1.49. The company has a 50 day simple moving average of $3.79 and a 200 day simple moving average of $3.05.

Institutional Trading of Denison Mine

Hedge funds and other institutional investors have recently modified their holdings of the stock. Ritter Daniher Financial Advisory LLC DE acquired a new position in Denison Mine during the third quarter valued at approximately $28,000. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Denison Mine in the third quarter valued at approximately $28,000. Summitry LLC bought a new stake in shares of Denison Mine during the fourth quarter worth $27,000. First Citizens Bank & Trust Co. bought a new stake in shares of Denison Mine during the fourth quarter worth $27,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Denison Mine during the fourth quarter worth $27,000. Institutional investors and hedge funds own 36.74% of the company's stock.

About Denison Mine

Denison Mines Corp. NYSEAMERICAN: DNN is a Canada-based uranium exploration and development company focused on the Athabasca Basin region of Saskatchewan. The company's core business is the discovery, evaluation and advancement of high-grade uranium projects that can supply fuel for the global nuclear power industry.

Denison's flagship asset is the 66.9%-owned Wheeler River Project, one of the largest undeveloped high-grade uranium deposits in the Athabasca Basin. In addition to Wheeler River, Denison holds interests in several other exploration properties across northern Saskatchewan and maintains a strategic partnership in the McClean Lake uranium mill, providing it with downstream processing capabilities for future production.

Founded in 1974, Denison Mines has accumulated decades of geological expertise in one of the world's most prolific uranium districts.

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