Denison Mine Corp (NYSEAMERICAN:DNN) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) have been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $5.3750.

DNN has been the subject of a number of research analyst reports. Zacks Research lowered Denison Mine from a “strong-buy” rating to a “hold” rating in a report on Friday, May 15th. TD Securities increased their target price on Denison Mine from $6.00 to $6.50 and gave the company a “buy” rating in a report on Thursday, March 12th. Finally, Scotiabank reiterated an “outperform” rating on shares of Denison Mine in a report on Thursday, May 14th.

Institutional Trading of Denison Mine

Several hedge funds and other institutional investors have recently modified their holdings of the company. WealthShield Partners LLC raised its holdings in shares of 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 raised its holdings in shares of Denison Mine by 26.1% during the fourth quarter. Park Avenue Securities LLC now owns 17,068 shares of the basic materials company’s stock worth $45,000 after acquiring an additional 3,533 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in shares of Denison Mine by 42.4% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 12,920 shares of the basic materials company’s stock worth $34,000 after acquiring an additional 3,844 shares in the last quarter. NewEdge Wealth LLC raised its holdings in shares of Denison Mine by 33.3% during the first quarter. NewEdge Wealth LLC now owns 20,000 shares of the basic materials company’s stock worth $71,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Financial Sense Advisors Inc. raised its holdings in shares of 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 acquiring an additional 5,000 shares in the last quarter. 36.74% of the stock is currently owned by hedge funds and other institutional investors.

Denison Mine Price Performance

DNN opened at $3.10 on Tuesday. The stock has a fifty day moving average of $3.45 and a 200-day moving average of $3.50. The firm has a market capitalization of $2.81 billion, a P/E ratio of -13.48 and a beta of 1.18. Denison Mine has a 12-month low of $1.67 and a 12-month high of $4.43. The company has a quick ratio of 13.46, a current ratio of 13.77 and a debt-to-equity ratio of 2.81.

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.