Analysts Set Denison Mine Corp (NYSEAMERICAN:DNN) Price Target at $5.38

Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) has been assigned an average recommendation of “Moderate Buy” from the seven ratings firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $5.3750.

Several research analysts have issued reports on the stock. Zacks Research cut shares of Denison Mine from a “strong-buy” rating to a “hold” rating in a report on Friday, May 15th. Royal Bank Of Canada assumed coverage on shares of Denison Mine in a report on Monday, July 13th. They set an “outperform” rating on the stock. Finally, Scotiabank reissued an “outperform” rating on shares of Denison Mine in a research report on Thursday, May 14th.

Institutional Trading of Denison Mine

Several institutional investors have recently added to or reduced their stakes in the business. Two Sigma Investments LP increased its holdings in shares of Denison Mine by 1,696.3% in the 3rd quarter. Two Sigma Investments LP now owns 17,026,392 shares of the basic materials company’s stock worth $46,823,000 after purchasing an additional 16,078,514 shares in the last quarter. L1 Capital Pty Ltd lifted its holdings in shares of Denison Mine by 4,544.0% during the third quarter. L1 Capital Pty Ltd now owns 14,007,218 shares of the basic materials company’s stock valued at $38,520,000 after purchasing an additional 13,705,598 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of Denison Mine by 20.9% during the fourth quarter. Van ECK Associates Corp now owns 75,910,027 shares of the basic materials company’s stock valued at $201,916,000 after purchasing an additional 13,106,987 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Denison Mine by 1,697.4% during the third quarter. Vanguard Group Inc. now owns 13,263,903 shares of the basic materials company’s stock valued at $36,502,000 after purchasing an additional 12,525,956 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Denison Mine by 275.0% during the first quarter. Renaissance Technologies LLC now owns 9,455,713 shares of the basic materials company’s stock valued at $33,379,000 after buying an additional 6,934,400 shares during the last quarter. 36.74% of the stock is currently owned by hedge funds and other institutional investors.

Denison Mine Stock Down 5.8%

DNN stock opened at $2.91 on Friday. The business has a 50 day moving average of $3.17 and a 200 day moving average of $3.55. The firm has a market cap of $2.63 billion, a PE ratio of -12.65 and a beta of 1.21. Denison Mine has a twelve month low of $1.86 and a twelve month high of $4.43. The company has a quick ratio of 13.46, a current ratio of 13.77 and a debt-to-equity ratio of 2.81.

About Denison Mine

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.