Denison Mines Corp. (NYSEAMERICAN:DNN) Receives $3.00 Average Target Price from Analysts

Shares of Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) have received a consensus recommendation of “Strong Buy” from the seven brokerages that are covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a buy recommendation and four have issued a strong buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $3.00.

DNN has been the topic of several recent analyst reports. National Bank Financial raised shares of Denison Mines to a “strong-buy” rating in a report on Tuesday, September 3rd. StockNews.com upgraded shares of Denison Mines to a “sell” rating in a research report on Wednesday, July 31st. BMO Capital Markets upgraded shares of Denison Mines from a “market perform” rating to an “outperform” rating in a research report on Wednesday, September 25th. CIBC started coverage on shares of Denison Mines in a research report on Thursday, September 26th. They set a “sector outperform” rating and a $3.25 target price on the stock. Finally, Roth Mkm reiterated a “buy” rating and set a $2.75 target price (up previously from $2.60) on shares of Denison Mines in a research report on Wednesday, October 23rd.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Integrated Investment Consultants LLC purchased a new stake in shares of Denison Mines in the 3rd quarter worth $27,000. RPS Advisory Solutions LLC acquired a new position in shares of Denison Mines in the second quarter valued at about $46,000. Legacy Capital Group California Inc. grew its holdings in Denison Mines by 131.7% during the second quarter. Legacy Capital Group California Inc. now owns 23,306 shares of the basic materials company’s stock worth $46,000 after acquiring an additional 13,248 shares during the period. Toronto Dominion Bank grew its holdings in 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 acquiring an additional 6,777 shares during the period. Finally, Continuum Advisory LLC grew its holdings in Denison Mines by 78.5% during the third quarter. Continuum Advisory LLC now owns 33,407 shares of the basic materials company’s stock worth $61,000 after acquiring an additional 14,688 shares during the period. 36.74% of the stock is owned by hedge funds and other institutional investors.

Denison Mines Stock Down 3.1 %

Shares of DNN stock opened at $2.32 on Tuesday. Denison Mines has a 1 year low of $1.40 and a 1 year high of $2.47. The company has a fifty day simple moving average of $2.00. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of -232.00 and a beta of 1.69.

Denison Mines Company Profile

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.