Denison Mine Corp (NYSEAMERICAN:DNN) Given Average Recommendation of “Buy” by Brokerages

Shares of Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) have been assigned an average rating of “Buy” from the five analysts that are presently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a buy rating.

A number of equities research analysts have recently weighed in on the company. Raymond James Financial reiterated an “outperform” rating on shares of Denison Mine in a research report on Wednesday, January 14th. Roth Mkm reaffirmed a “buy” rating and issued a $4.25 price target on shares of Denison Mine in a research note on Wednesday.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. TD Waterhouse Canada Inc. grew its position in Denison Mine by 3,076.3% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 322,108 shares of the basic materials company’s stock worth $563,000 after purchasing an additional 311,967 shares during the period. PCJ Investment Counsel Ltd. lifted its holdings in Denison Mine by 32.0% in the second quarter. PCJ Investment Counsel Ltd. now owns 2,049,490 shares of the basic materials company’s stock valued at $3,750,000 after acquiring an additional 497,070 shares during the period. Triasima Portfolio Management inc. purchased a new position in Denison Mine in the third quarter worth about $1,559,000. Alpha Wave Global LP boosted its position in Denison Mine by 56.2% in the second quarter. Alpha Wave Global LP now owns 1,843,479 shares of the basic materials company’s stock worth $3,355,000 after purchasing an additional 663,462 shares during the last quarter. Finally, XTX Topco Ltd grew its stake in shares of Denison Mine by 504.0% during the 2nd quarter. XTX Topco Ltd now owns 757,158 shares of the basic materials company’s stock valued at $1,378,000 after purchasing an additional 631,797 shares during the period. Hedge funds and other institutional investors own 36.74% of the company’s stock.

Denison Mine Trading Up 3.9%

Shares of NYSEAMERICAN:DNN traded up $0.15 during midday trading on Wednesday, hitting $3.96. 8,087,841 shares of the stock traded hands, compared to its average volume of 52,393,805. The company has a quick ratio of 11.78, a current ratio of 11.97 and a debt-to-equity ratio of 1.49. The business’s 50 day moving average is $3.34 and its two-hundred day moving average is $2.83. The stock has a market capitalization of $3.57 billion, a PE ratio of -26.43 and a beta of 1.26. Denison Mine has a one year low of $1.08 and a one year high of $4.43.

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.