Denison Mine Corp (NYSEAMERICAN:DNN) Receives Consensus Recommendation of “Buy” from Brokerages

Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) has received an average rating of “Buy” from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $5.3750.

A number of equities research analysts have commented on DNN shares. Zacks Research raised shares of Denison Mine from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. Scotiabank reissued an “outperform” rating on shares of Denison Mine in a report on Friday, February 20th. Raymond James Financial restated an “outperform” rating on shares of Denison Mine in a research note on Wednesday, January 14th. TD Securities lifted their price objective on Denison Mine from $6.00 to $6.50 and gave the stock a “buy” rating in a report on Thursday. Finally, Roth Mkm reiterated a “buy” rating and set a $4.25 price objective on shares of Denison Mine in a research report on Wednesday, February 18th.

Institutional Investors Weigh In On Denison Mine

A number of large investors have recently made changes to their positions in the company. WealthShield Partners LLC increased its position in shares of Denison Mine by 28.0% during the 4th quarter. WealthShield Partners LLC now owns 16,000 shares of the basic materials company’s stock valued at $43,000 after purchasing an additional 3,500 shares during the last quarter. Park Avenue Securities LLC boosted its holdings in shares of Denison Mine by 26.1% in the fourth quarter. Park Avenue Securities LLC now owns 17,068 shares of the basic materials company’s stock worth $45,000 after buying an additional 3,533 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Denison Mine by 42.4% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 12,920 shares of the basic materials company’s stock worth $34,000 after buying an additional 3,844 shares during the last quarter. Jones Financial Companies Lllp grew its position in Denison Mine by 65.6% during the third quarter. Jones Financial Companies Lllp now owns 11,515 shares of the basic materials company’s stock valued at $32,000 after buying an additional 4,563 shares during the period. Finally, Financial Sense Advisors Inc. grew its position in Denison Mine by 36.3% during the fourth quarter. Financial Sense Advisors Inc. now owns 18,786 shares of the basic materials company’s stock valued at $50,000 after buying an additional 5,000 shares during the period. 36.74% of the stock is currently owned by institutional investors.

Denison Mine Stock Down 4.7%

DNN opened at $3.82 on Friday. The stock has a market capitalization of $3.45 billion, a price-to-earnings ratio of -22.47 and a beta of 1.18. The firm has a 50 day moving average price of $3.83 and a 200-day moving average price of $3.07. Denison Mine has a twelve month low of $1.08 and a twelve month high of $4.43. The company has a quick ratio of 11.78, a current ratio of 11.97 and a debt-to-equity ratio of 1.49.

Denison Mine Company Profile

Denison Mines Corp. (NYSEAMERICAN:DNN) is a Canada-based uranium exploration and development company focused on the Athabasca Basin region of Saskatchewan. The company’s core business is the discovery, evaluation and advancement of high-grade uranium projects that can supply fuel for the global nuclear power industry.

Denison’s flagship asset is the 66.9%-owned Wheeler River Project, one of the largest undeveloped high-grade uranium deposits in the Athabasca Basin. In addition to Wheeler River, Denison holds interests in several other exploration properties across northern Saskatchewan and maintains a strategic partnership in the McClean Lake uranium mill, providing it with downstream processing capabilities for future production.

Founded in 1974, Denison Mines has accumulated decades of geological expertise in one of the world’s most prolific uranium districts.