Denison Mines Corp. (NYSEAMERICAN:DNN) Receives Consensus Recommendation of “Strong Buy” from Analysts

Shares of Denison Mines Corp. (NYSEAMERICAN:DNNGet Free Report) (TSE:DML) have been assigned a consensus rating of “Strong Buy” from the seven ratings firms that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $3.00.

Several equities research analysts have commented on the company. Scotiabank upgraded Denison Mines to a “strong-buy” rating in a research note on Tuesday, July 2nd. Roth Capital raised shares of Denison Mines to a “strong-buy” rating in a research report on Thursday, June 27th. National Bank Financial upgraded shares of Denison Mines to a “strong-buy” rating in a report on Tuesday, September 3rd. Roth Mkm reiterated a “buy” rating and issued a $2.75 price target (up from $2.60) on shares of Denison Mines in a research note on Wednesday. Finally, BMO Capital Markets upgraded shares of Denison Mines from a “market perform” rating to an “outperform” rating in a research note on Wednesday, September 25th.

Read Our Latest Stock Analysis on DNN

Denison Mines Price Performance

Shares of Denison Mines stock opened at $2.19 on Friday. The business’s fifty day simple moving average is $1.99. The firm has a market cap of $1.95 billion, a P/E ratio of 36.50 and a beta of 1.71. Denison Mines has a 12 month low of $1.40 and a 12 month high of $2.47.

Denison Mines (NYSEAMERICAN:DNNGet Free Report) (TSE:DML) last posted its earnings results on Thursday, August 8th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.01). Denison Mines had a return on equity of 9.45% and a net margin of 950.42%. The business had revenue of $0.97 million during the quarter, compared to analysts’ expectations of $0.80 million. Equities research analysts predict that Denison Mines will post -0.06 EPS for the current fiscal year.

Institutional Trading of Denison Mines

Several hedge funds have recently added to or reduced their stakes in DNN. Legacy Capital Group California Inc. increased its position in Denison Mines by 131.7% during the second quarter. Legacy Capital Group California Inc. now owns 23,306 shares of the basic materials company’s stock worth $46,000 after acquiring an additional 13,248 shares during the period. RPS Advisory Solutions LLC acquired a new stake in shares of Denison Mines in the second quarter valued at approximately $46,000. Toronto Dominion Bank boosted its stake in shares of Denison Mines by 39.4% in the second quarter. Toronto Dominion Bank now owns 23,969 shares of the basic materials company’s stock valued at $48,000 after buying an additional 6,777 shares during the period. Headlands Technologies LLC acquired a new stake in Denison Mines during the first quarter worth approximately $51,000. Finally, Tidal Investments LLC increased its stake in Denison Mines by 53.9% during the 1st quarter. Tidal Investments LLC now owns 40,049 shares of the basic materials company’s stock worth $78,000 after acquiring an additional 14,018 shares during the period. 36.74% of the stock is owned by institutional investors and hedge funds.

Denison Mines Company Profile

(Get Free Report

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.

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Analyst Recommendations for Denison Mines (NYSEAMERICAN:DNN)

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