Denison Mines Corp. (NYSEAMERICAN:DNN) Receives Consensus Recommendation of “Buy” from Analysts

Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) has received a consensus rating of “Buy” from the eight research firms that are currently covering the stock, Marketbeat reports. Five research analysts have rated the stock with a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $3.00.

A number of brokerages have issued reports on DNN. Scotiabank reaffirmed an “outperform” rating on shares of Denison Mines in a research note on Tuesday, March 25th. Desjardins started coverage on Denison Mines in a report on Friday, April 4th. They issued a “buy” rating for the company.

Denison Mines Price Performance

Shares of NYSEAMERICAN:DNN opened at $1.58 on Wednesday. Denison Mines has a one year low of $1.08 and a one year high of $2.47. The company has a 50 day moving average of $1.45 and a 200-day moving average of $1.77. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of -158.00 and a beta of 1.75.

Institutional Investors Weigh In On Denison Mines

Several large investors have recently modified their holdings of DNN. Oxford Asset Management LLP bought a new stake in shares of Denison Mines during the fourth quarter worth $26,000. Sowell Financial Services LLC bought a new position in Denison Mines during the 1st quarter worth about $26,000. Providence Capital Advisors LLC bought a new position in Denison Mines during the 1st quarter worth about $30,000. Commonwealth Equity Services LLC raised its stake in shares of Denison Mines by 74.1% in 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 during the period. Finally, Headlands Technologies LLC bought a new stake in shares of Denison Mines in the fourth quarter valued at about $38,000. 36.74% of the stock is currently owned by institutional investors.

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.