Denison Mine Corp (NYSEAMERICAN:DNN) Receives Consensus Rating of “Buy” from Analysts

Shares of Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) have been assigned a consensus recommendation of “Buy” from the five brokerages that are covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a buy rating. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $4.25.

DNN has been the topic of several recent analyst reports. Scotiabank restated an “outperform” rating on shares of Denison Mine in a report on Friday. Raymond James Financial reiterated an “outperform” rating on shares of Denison Mine in a report on Wednesday, January 14th. Finally, Roth Mkm reiterated a “buy” rating and set a $4.25 price target on shares of Denison Mine in a report on Wednesday.

Denison Mine Stock Down 0.7%

Shares of NYSEAMERICAN:DNN opened at $4.06 on Wednesday. The firm has a market cap of $3.66 billion, a P/E ratio of -27.07 and a beta of 1.26. Denison Mine has a 12-month low of $1.08 and a 12-month high of $4.43. The business has a fifty day simple moving average of $3.42 and a 200 day simple moving average of $2.86. The company has a quick ratio of 11.78, a current ratio of 11.97 and a debt-to-equity ratio of 1.49.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of DNN. Van ECK Associates Corp boosted its position in Denison Mine by 20.9% during the fourth quarter. Van ECK Associates Corp now owns 75,910,027 shares of the basic materials company’s stock worth $201,916,000 after purchasing an additional 13,106,987 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Denison Mine by 4.0% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 52,332,391 shares of the basic materials company’s stock worth $144,051,000 after purchasing an additional 2,027,151 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Denison Mine by 80.6% during the 4th quarter. Vanguard Group Inc. now owns 23,960,755 shares of the basic materials company’s stock worth $63,544,000 after acquiring an additional 10,696,852 shares during the last quarter. Two Sigma Investments LP boosted its holdings in shares of Denison Mine by 1,696.3% in the 3rd quarter. Two Sigma Investments LP now owns 17,026,392 shares of the basic materials company’s stock worth $46,823,000 after purchasing an additional 16,078,514 shares in the last quarter. Finally, L1 Capital Pty Ltd lifted its stake in Denison Mine by 4,544.0% in the third quarter. L1 Capital Pty Ltd now owns 14,007,218 shares of the basic materials company’s stock worth $38,520,000 after purchasing an additional 13,705,598 shares during the last quarter. Hedge funds and other institutional investors own 36.74% of the company’s stock.

Denison Mine Company Profile

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.