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

Shares of Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) have been assigned an average rating of “Moderate Buy” from the six analysts that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $5.3750.

DNN has been the subject of several research reports. TD Securities boosted their price objective on shares of Denison Mine from $6.00 to $6.50 and gave the stock a “buy” rating in a research note on Thursday, March 12th. Roth Mkm reiterated a “buy” rating and set a $4.25 price objective on shares of Denison Mine in a research note on Wednesday, February 18th. Zacks Research downgraded shares of Denison Mine from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 15th. Finally, Scotiabank reiterated an “outperform” rating on shares of Denison Mine in a research note on Thursday, May 14th.

Denison Mine Price Performance

DNN opened at $3.67 on Friday. 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 has a 52-week low of $1.56 and a 52-week high of $4.43. The company has a 50 day moving average of $3.58 and a two-hundred day moving average of $3.41. The company has a market cap of $3.32 billion, a P/E ratio of -15.96 and a beta of 1.18.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC purchased a new position in shares of Denison Mine in the fourth quarter valued at $27,000. Summitry LLC purchased a new position in shares of Denison Mine in the fourth quarter valued at $27,000. First Citizens Bank & Trust Co. purchased a new position in shares of Denison Mine in the fourth quarter valued at $27,000. Invesco Ltd. purchased a new position in shares of Denison Mine in the fourth quarter valued at $27,000. Finally, Ritter Daniher Financial Advisory LLC DE purchased a new position in shares of Denison Mine in the third quarter valued at $28,000. 36.74% of the stock is currently owned by hedge funds and other institutional investors.

About Denison Mine

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.