Denison Mine Corp (NYSEAMERICAN:DNN) Stock Has Average Target Price of $5.38 According to Brokerages

Shares of Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) have received a consensus rating of “Moderate Buy” from the seven research firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $5.38.

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

Denison Mine Trading Down 5.5%

NYSEAMERICAN DNN opened at $2.56 on Thursday. The company has a debt-to-equity ratio of 2.38, a quick ratio of 9.14 and a current ratio of 9.41. The firm has a market cap of $2.32 billion, a PE ratio of -11.64 and a beta of 1.37. Denison Mine has a one year low of $2.20 and a one year high of $4.43. The firm’s fifty day moving average is $3.07 and its two-hundred day moving average is $3.26.

Hedge Funds Weigh In On Denison Mine

Several hedge funds and other institutional investors have recently bought and sold shares of DNN. Kelleher Financial Advisors purchased a new position in Denison Mine during the 2nd quarter valued at about $27,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Denison Mine during the 2nd quarter worth approximately $28,000. Steelhead Wealth Management LLC purchased a new position in Denison Mine during the first quarter worth $38,000. Basecamp Wealth Advisors LLC acquired a new position in shares of Denison Mine in the first quarter worth $41,000. Finally, Delta Wealth Advisors LLC purchased a new stake in shares of Denison Mine in the first quarter valued at $43,000. 36.74% of the stock is owned by institutional investors and hedge funds.

Denison Mine Company Profile

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.