Denison Mines (NYSEAMERICAN:DNN) Rating Increased to Outperform at BMO Capital Markets

Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) was upgraded by analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research note issued to investors on Wednesday, MarketBeat Ratings reports.

DNN has been the topic of a number of other research reports. Scotiabank upgraded shares of Denison Mines to a “strong-buy” rating in a report on Tuesday, July 2nd. Roth Capital raised Denison Mines to a “strong-buy” rating in a research report on Thursday, June 27th. Roth Mkm initiated coverage on Denison Mines in a research report on Thursday, June 27th. They set a “buy” rating and a $2.60 price target on the stock. StockNews.com upgraded Denison Mines to a “sell” rating in a research report on Wednesday, July 31st. Finally, National Bank Financial upgraded Denison Mines to a “strong-buy” rating in a report on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, three have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $2.93.

Denison Mines Stock Down 0.5 %

Shares of NYSEAMERICAN:DNN opened at $1.87 on Wednesday. The company has a 50 day moving average price of $1.98. Denison Mines has a 52 week low of $1.40 and a 52 week high of $2.47. The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of 26.71 and a beta of 1.70.

Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) last issued its quarterly earnings results on Thursday, August 8th. The basic materials company reported ($0.01) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.01). The company had revenue of $0.97 million during the quarter, compared to analyst estimates of $0.80 million. Denison Mines had a net margin of 950.42% and a return on equity of 9.45%. Sell-side analysts anticipate that Denison Mines will post -0.06 EPS for the current fiscal year.

Hedge Funds Weigh In On Denison Mines

Institutional investors have recently added to or reduced their stakes in the company. &PARTNERS acquired a new stake in shares of Denison Mines during the first quarter worth approximately $34,000. Legacy Capital Group California Inc. raised its position in Denison Mines by 131.7% in the 2nd quarter. Legacy Capital Group California Inc. now owns 23,306 shares of the basic materials company’s stock valued at $46,000 after purchasing an additional 13,248 shares during the last quarter. RPS Advisory Solutions LLC acquired a new position in Denison Mines in the second quarter worth $46,000. Toronto Dominion Bank grew its holdings in shares of Denison Mines by 39.4% during the second quarter. Toronto Dominion Bank now owns 23,969 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 6,777 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new stake in shares of Denison Mines in the first quarter valued at $51,000. 36.74% of the stock is owned by institutional investors.

About Denison Mines

Denison Mines Corp. engages in the acquisition, exploration, and development of uranium bearing properties in Canada. Its flagship project is the Wheeler River uranium project covering an area of approximately 300,000 hectares located in the Athabasca Basin region in northern Saskatchewan. The company was formerly known as International Uranium Corporation and changed its name to Denison Mines Corp.