Denison Mines (NYSEAMERICAN:DNN) Earns Buy Rating from Analysts at Desjardins

Desjardins began coverage on shares of Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) in a research report report published on Friday, Marketbeat.com reports. The brokerage issued a buy rating on the basic materials company’s stock.

Separately, Scotiabank restated an “outperform” rating on shares of Denison Mines in a research note on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, five have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $3.00.

Denison Mines Stock Performance

Shares of NYSEAMERICAN DNN opened at $1.19 on Friday. Denison Mines has a fifty-two week low of $1.12 and a fifty-two week high of $2.47. The company has a market cap of $1.07 billion, a PE ratio of -119.00 and a beta of 1.75. The business has a 50-day simple moving average of $1.59 and a two-hundred day simple moving average of $1.88.

Institutional Trading of Denison Mines

Several institutional investors and hedge funds have recently bought and sold shares of the business. Commonwealth Equity Services LLC boosted its stake in shares of Denison Mines by 74.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 19,964 shares of the basic materials company’s stock worth $36,000 after buying an additional 8,500 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in Denison Mines by 35.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 33,633 shares of the basic materials company’s stock worth $61,000 after purchasing an additional 8,783 shares in the last quarter. Legacy Capital Group California Inc. grew its stake in shares of Denison Mines by 26.2% during the 4th quarter. Legacy Capital Group California Inc. now owns 43,374 shares of the basic materials company’s stock worth $78,000 after purchasing an additional 9,002 shares during the period. Confluence Investment Management LLC increased its holdings in shares of Denison Mines by 3.8% during the 4th quarter. Confluence Investment Management LLC now owns 267,217 shares of the basic materials company’s stock valued at $481,000 after purchasing an additional 9,831 shares in the last quarter. Finally, Old West Investment Management LLC lifted its stake in shares of Denison Mines by 0.7% in the 4th quarter. Old West Investment Management LLC now owns 1,450,353 shares of the basic materials company’s stock valued at $2,611,000 after purchasing an additional 10,251 shares during the period. 36.74% of the stock is currently owned by institutional investors and hedge funds.

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.