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

Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) has earned a consensus rating of “Moderate Buy” from the seven research firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $5.3750.

DNN has been the topic of several analyst reports. Scotiabank restated an “outperform” rating on shares of Denison Mine in a report on Thursday, May 14th. Royal Bank Of Canada started coverage on shares of Denison Mine in a research note on Monday, July 13th. They issued an “outperform” rating for the company. Finally, Zacks Research cut shares of Denison Mine from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th.

Denison Mine Stock Performance

NYSEAMERICAN DNN opened at $3.31 on Wednesday. Denison Mine has a 1 year low of $1.86 and a 1 year high of $4.43. The company has a debt-to-equity ratio of 2.81, a current ratio of 13.77 and a quick ratio of 13.46. The firm has a market cap of $3.00 billion, a price-to-earnings ratio of -14.39 and a beta of 1.23. The company has a fifty day moving average price of $3.09 and a 200-day moving average price of $3.51.

Institutional Trading of Denison Mine

A number of hedge funds have recently bought and sold shares of the business. Ninepoint Partners LP purchased a new position in Denison Mine in the second quarter worth $581,000. NewEdge Wealth LLC bought a new stake in shares of Denison Mine during the 2nd quarter worth $46,000. Meeder Advisory Services Inc. purchased a new position in shares of Denison Mine in the 2nd quarter worth about $79,000. K.J. Harrison & Partners Inc bought a new position in Denison Mine during the second quarter valued at about $115,000. Finally, BlackRock Inc. purchased a new stake in Denison Mine during the second quarter worth about $1,061,000. 36.74% of the stock is currently owned by institutional investors.

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.