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

Shares of Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) have been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $5.38.

A number of analysts recently commented on DNN shares. Royal Bank Of Canada began coverage on Denison Mine in a research report on Monday, July 13th. They set an “outperform” rating for the company. Jefferies Financial Group assumed coverage on Denison Mine in a research report on Thursday, September 3rd. They issued a “buy” rating on the stock.

Institutional Investors Weigh In On Denison Mine

Hedge funds have recently made changes to their positions in the business. Tidal Investments LLC grew its position in Denison Mine by 210.5% during the second quarter. Tidal Investments LLC now owns 1,446,030 shares of the basic materials company’s stock valued at $4,425,000 after buying an additional 980,277 shares during the period. NewEdge Advisors LLC increased its holdings in Denison Mine by 70.7% during the second quarter. NewEdge Advisors LLC now owns 15,367 shares of the basic materials company’s stock worth $47,000 after buying an additional 6,363 shares during the last quarter. Squarepoint Ops LLC bought a new stake in Denison Mine in the second quarter worth about $1,234,000. Amundi bought a new stake in Denison Mine in the second quarter worth about $606,000. Finally, HighTower Advisors LLC purchased a new position in Denison Mine in the second quarter valued at about $394,000. 36.74% of the stock is currently owned by institutional investors.

Denison Mine Trading Up 2.3%

Shares of Denison Mine stock opened at $2.63 on Thursday. The company has a market capitalization of $2.38 billion, a P/E ratio of -11.95 and a beta of 1.37. The stock has a fifty day simple moving average of $3.07 and a 200 day simple moving average of $3.28. Denison Mine has a 12-month low of $2.20 and a 12-month high of $4.43. The company has a current ratio of 9.41, a quick ratio of 9.14 and a debt-to-equity ratio of 2.38.

About Denison Mine

Denison Mines Corp. is a uranium exploration, development and production company focused primarily on the Athabasca Basin in northern Saskatchewan, Canada. The company’s activities include the acquisition, evaluation and advancement of uranium mineral properties, with an emphasis on projects that could support future uranium production.

Denison’s flagship asset is the Wheeler River project, which includes the Phoenix and Gryphon uranium deposits. Phoenix is being advanced as an in-situ recovery project, while Gryphon is being evaluated as an underground mining operation.