Denison Mine Corp (NYSEAMERICAN:DNN) Receives $5.38 Average Price Target from Analysts

Shares of Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) have earned a consensus rating of “Buy” from the six brokerages that are currently covering the firm, MarketBeat.com 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 12-month target price among brokers that have covered the stock in the last year is $5.3750.

Several analysts recently commented on the company. Zacks Research raised Denison Mine from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 11th. Roth Mkm restated a “buy” rating and issued a $4.25 price target on shares of Denison Mine in a report on Wednesday, February 18th. Raymond James Financial reaffirmed an “outperform” rating on shares of Denison Mine in a research report on Wednesday, January 14th. Scotiabank reiterated an “outperform” rating on shares of Denison Mine in a report on Friday, February 20th. Finally, TD Securities boosted their price objective on Denison Mine from $6.00 to $6.50 and gave the company a “buy” rating in a research report on Thursday, March 12th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in DNN. WealthShield Partners LLC raised its holdings in Denison Mine by 28.0% during the fourth quarter. WealthShield Partners LLC now owns 16,000 shares of the basic materials company’s stock worth $43,000 after acquiring an additional 3,500 shares in the last quarter. Park Avenue Securities LLC lifted its holdings in Denison Mine by 26.1% during the 4th quarter. Park Avenue Securities LLC now owns 17,068 shares of the basic materials company’s stock worth $45,000 after purchasing an additional 3,533 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its stake in Denison Mine by 42.4% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 12,920 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 3,844 shares in the last quarter. Jones Financial Companies Lllp grew its position in Denison Mine by 65.6% during the third quarter. Jones Financial Companies Lllp now owns 11,515 shares of the basic materials company’s stock worth $32,000 after buying an additional 4,563 shares in the last quarter. Finally, Financial Sense Advisors Inc. grew its position in Denison Mine by 36.3% during the fourth quarter. Financial Sense Advisors Inc. now owns 18,786 shares of the basic materials company’s stock worth $50,000 after buying an additional 5,000 shares in the last quarter. Institutional investors and hedge funds own 36.74% of the company’s stock.

Denison Mine Trading Up 1.4%

DNN opened at $3.71 on Friday. The firm’s fifty day moving average is $3.85 and its two-hundred day moving average is $3.10. The company has a debt-to-equity ratio of 1.66, a quick ratio of 10.51 and a current ratio of 10.75. The firm has a market cap of $3.35 billion, a PE ratio of -21.82 and a beta of 1.18. Denison Mine has a twelve month low of $1.08 and a twelve month high of $4.43.

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.