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

Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) has received a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $5.3750.

Several brokerages recently issued reports on DNN. Royal Bank Of Canada started coverage on Denison Mine in a research note on Monday, July 13th. They issued an “outperform” rating for the company. Jefferies Financial Group started coverage on Denison Mine in a research report on Thursday. They issued a “buy” rating on the stock. Zacks Research downgraded Denison Mine from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 15th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Denison Mine in a research report on Thursday, May 14th.

Institutional Trading of Denison Mine

Several large investors have recently made changes to their positions in the company. Royal Bank of Canada raised its position in Denison Mine by 14.6% during the first quarter. Royal Bank of Canada now owns 4,317,738 shares of the basic materials company’s stock valued at $5,613,000 after purchasing an additional 550,064 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Denison Mine by 11.5% in 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 purchasing an additional 587,352 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Denison Mine by 2.7% in 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 purchasing an additional 45,125 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of 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 valued at $1,955,000 after purchasing an additional 578,365 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of Denison Mine by 29.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 55,962 shares of the basic materials company’s stock valued at $102,000 after purchasing an additional 12,705 shares during the last quarter. Institutional investors and hedge funds own 36.74% of the company’s stock.

Denison Mine Stock Performance

NYSEAMERICAN DNN opened at $3.42 on Friday. The firm has a 50-day moving average price of $3.16 and a two-hundred day moving average price of $3.45. Denison Mine has a 12-month low of $2.20 and a 12-month high of $4.43. The company has a market capitalization of $3.10 billion, a P/E ratio of -15.55 and a beta of 1.24. The company has a quick ratio of 9.14, a current ratio of 9.41 and a debt-to-equity ratio of 2.38.

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.