Brokerages Set Denison Mine Corp (NYSEAMERICAN:DNN) PT at $5.38

Shares of Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) have earned an average rating of “Buy” from the six research firms that are presently covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $5.3750.

A number of analysts have recently weighed in on the stock. Scotiabank restated an “outperform” rating on shares of Denison Mine in a report on Friday, February 20th. TD Securities raised their price target on shares of Denison Mine from $6.00 to $6.50 and gave the company a “buy” rating in a report on Thursday, March 12th. Raymond James Financial reaffirmed an “outperform” rating on shares of Denison Mine in a research report on Wednesday, January 14th. Roth Mkm reaffirmed a “buy” rating and issued a $4.25 price objective on shares of Denison Mine in a research report on Wednesday, February 18th. Finally, Zacks Research raised shares of Denison Mine from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 11th.

Denison Mine Price Performance

NYSEAMERICAN:DNN opened at $3.74 on Monday. Denison Mine has a fifty-two week low of $1.39 and a fifty-two week high of $4.43. The stock has a market capitalization of $3.38 billion, a P/E ratio of -22.00 and a beta of 1.23. The company has a debt-to-equity ratio of 1.66, a quick ratio of 10.51 and a current ratio of 10.75. The company’s 50-day simple moving average is $3.76 and its 200-day simple moving average is $3.34.

Hedge Funds Weigh In On Denison Mine

Hedge funds and other institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC purchased a new position in shares of Denison Mine in the 4th quarter valued at approximately $27,000. Summitry LLC purchased a new position in shares of Denison Mine in the 4th quarter valued at approximately $27,000. First Citizens Bank & Trust Co. purchased a new position in shares of Denison Mine in the 4th quarter valued at approximately $27,000. Invesco Ltd. purchased a new position in shares of Denison Mine in the 4th quarter valued at approximately $27,000. Finally, Ritter Daniher Financial Advisory LLC DE purchased a new position in shares of Denison Mine in the 3rd quarter valued at approximately $28,000. 36.74% of the stock is owned by hedge funds and other 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.