Analysts Set Denison Mine Corp (NYSEAMERICAN:DNN) Price Target at $5.38

Shares of Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) have received a consensus rating of “Buy” from the six research firms that are presently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $5.3750.

DNN has been the subject of a number of recent research reports. Raymond James Financial restated an “outperform” rating on shares of Denison Mine in a research note on Wednesday, January 14th. TD Securities boosted their price target on Denison Mine from $6.00 to $6.50 and gave the company a “buy” rating in a research note on Thursday, March 12th. Roth Mkm restated a “buy” rating and set a $4.25 price target on shares of Denison Mine in a research note on Wednesday, February 18th. Zacks Research upgraded Denison Mine from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 11th. Finally, Scotiabank restated an “outperform” rating on shares of Denison Mine in a research note on Friday, February 20th.

Denison Mine Price Performance

NYSEAMERICAN DNN opened at $3.56 on Thursday. Denison Mine has a one year low of $1.24 and a one year high of $4.43. The stock has a 50-day moving average of $3.79 and a 200 day moving average of $3.23. The company has a market capitalization of $3.22 billion, a price-to-earnings ratio of -20.94 and a beta of 1.25. The company has a debt-to-equity ratio of 1.66, a quick ratio of 10.51 and a current ratio of 10.75.

Institutional Investors Weigh In On Denison Mine

Large investors have recently made changes to their positions in the company. SG Americas Securities LLC bought a new position in shares of Denison Mine during the 4th quarter valued at approximately $27,000. Summitry LLC bought a new position in shares of Denison Mine during the 4th quarter valued at approximately $27,000. First Citizens Bank & Trust Co. bought a new position in shares of Denison Mine during the 4th quarter valued at approximately $27,000. Invesco Ltd. bought a new position in shares of Denison Mine during the 4th quarter valued at approximately $27,000. Finally, Ritter Daniher Financial Advisory LLC DE bought a new position in shares of Denison Mine during the 3rd quarter valued at approximately $28,000. 36.74% of the stock is currently owned by institutional investors.

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.