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

Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) has earned an average recommendation of “Buy” from the seven research firms that are currently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $3.00.

Separately, Scotiabank restated an “outperform” rating on shares of Denison Mines in a report on Tuesday, March 25th.

Institutional Trading of Denison Mines

Several large investors have recently bought and sold shares of the stock. Oxford Asset Management LLP acquired a new stake in Denison Mines during the fourth quarter worth about $26,000. Vantage Point Financial LLC acquired a new stake in shares of Denison Mines during the 4th quarter worth approximately $34,000. Commonwealth Equity Services LLC increased its holdings in shares of Denison Mines by 74.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 19,964 shares of the basic materials company’s stock valued at $36,000 after purchasing an additional 8,500 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of Denison Mines in the 4th quarter valued at $38,000. Finally, Bayesian Capital Management LP purchased a new stake in Denison Mines during the fourth quarter worth $44,000. Hedge funds and other institutional investors own 36.74% of the company’s stock.

Denison Mines Price Performance

Shares of NYSEAMERICAN DNN opened at $1.33 on Friday. The stock has a market capitalization of $1.19 billion, a P/E ratio of -133.00 and a beta of 1.75. Denison Mines has a 1-year low of $1.27 and a 1-year high of $2.47. The business’s 50 day moving average is $1.66 and its two-hundred day moving average is $1.91.

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.