Denison Mines Corp. (NYSEAMERICAN:DNN) Receives $3.00 Average Price Target from Brokerages

Shares of Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) have been assigned an average recommendation of “Strong Buy” from the seven ratings firms that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a buy recommendation and four have assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $3.00.

A number of brokerages have commented on DNN. BMO Capital Markets raised Denison Mines from a “market perform” rating to an “outperform” rating in a research note on Wednesday, September 25th. Roth Mkm reaffirmed a “buy” rating and issued a $2.75 target price (up from $2.60) on shares of Denison Mines in a research note on Wednesday, October 23rd. National Bank Financial raised shares of Denison Mines to a “strong-buy” rating in a research report on Tuesday, September 3rd. CIBC initiated coverage on shares of Denison Mines in a research report on Thursday, September 26th. They issued a “sector outperform” rating and a $3.25 price objective on the stock. Finally, Cibc World Mkts raised Denison Mines to a “strong-buy” rating in a research note on Thursday, September 26th.

Denison Mines Price Performance

DNN opened at $2.05 on Friday. The stock has a market cap of $1.83 billion, a PE ratio of -205.00 and a beta of 1.71. The business has a 50-day moving average price of $2.02. Denison Mines has a 12-month low of $1.40 and a 12-month high of $2.47.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in DNN. BNP Paribas Financial Markets purchased a new position in shares of Denison Mines during the 3rd quarter valued at $505,000. Goehring & Rozencwajg Associates LLC raised its holdings in Denison Mines by 15.5% during the second quarter. Goehring & Rozencwajg Associates LLC now owns 3,579,830 shares of the basic materials company’s stock valued at $7,124,000 after acquiring an additional 479,600 shares during the period. National Bank of Canada FI lifted its position in shares of Denison Mines by 89.1% in the third quarter. National Bank of Canada FI now owns 935,567 shares of the basic materials company’s stock valued at $1,708,000 after acquiring an additional 440,921 shares in the last quarter. Continuum Advisory LLC boosted its stake in shares of Denison Mines by 78.5% in the third quarter. Continuum Advisory LLC now owns 33,407 shares of the basic materials company’s stock worth $61,000 after acquiring an additional 14,688 shares during the period. Finally, Azarias Capital Management L.P. grew its position in shares of Denison Mines by 17.0% during the second quarter. Azarias Capital Management L.P. now owns 3,406,586 shares of the basic materials company’s stock worth $6,779,000 after purchasing an additional 496,182 shares in the last quarter. Institutional investors own 36.74% of the company’s stock.

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.