Denison Mine (NYSEAMERICAN:DNN) Price Target Raised to $6.50 at TD Securities

Denison Mine (NYSEAMERICAN:DNN) (TSE:DML) had its target price boosted by TD Securities from $6.00 to $6.50 in a report issued on Thursday morning,Benzinga reports. They currently have a buy rating on the basic materials company’s stock.

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

Denison Mine Trading Up 0.2%

Shares of DNN stock opened at $4.01 on Thursday. The company has a market capitalization of $3.62 billion, a PE ratio of -23.59 and a beta of 1.18. Denison Mine has a 52-week low of $1.08 and a 52-week high of $4.43. The business’s fifty day moving average is $3.82 and its 200 day moving average is $3.06. The company has a debt-to-equity ratio of 1.49, a quick ratio of 11.78 and a current ratio of 11.97.

Institutional Trading of Denison Mine

A number of institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada increased its stake in shares of Denison Mine by 14.6% in the first quarter. Royal Bank of Canada now owns 4,317,738 shares of the basic materials company’s stock worth $5,613,000 after buying an additional 550,064 shares during the period. Millennium Management LLC boosted its position in Denison Mine by 11.5% during the 1st quarter. Millennium Management LLC now owns 5,710,330 shares of the basic materials company’s stock valued at $7,423,000 after buying an additional 587,352 shares during the period. Goldman Sachs Group Inc. boosted its position in Denison Mine by 2.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,687,875 shares of the basic materials company’s stock valued at $2,194,000 after buying an additional 45,125 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Denison Mine by 62.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,504,193 shares of the basic materials company’s stock worth $1,955,000 after acquiring an additional 578,365 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of Denison Mine by 29.4% in the second quarter. Envestnet Asset Management Inc. now owns 55,962 shares of the basic materials company’s stock valued at $102,000 after acquiring an additional 12,705 shares during the period. 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.