Denison Mine Corp (NYSEAMERICAN:DNN) Given Consensus Recommendation of “Moderate Buy” by Analysts

Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) has been given a consensus rating of “Moderate Buy” by the seven research firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $5.3750.

Several research firms recently commented on DNN. Jefferies Financial Group started coverage on Denison Mine in a report on Thursday, September 3rd. They issued a “buy” rating for the company. Royal Bank Of Canada initiated coverage on shares of Denison Mine in a report on Monday, July 13th. They set an “outperform” rating on the stock.

Denison Mine Stock Performance

Shares of DNN opened at $3.02 on Friday. The business’s fifty day simple moving average is $3.17 and its two-hundred day simple moving average is $3.42. The company has a current ratio of 9.41, a quick ratio of 9.14 and a debt-to-equity ratio of 2.38. Denison Mine has a 12 month low of $2.20 and a 12 month high of $4.43. The company has a market cap of $2.73 billion, a price-to-earnings ratio of -13.73 and a beta of 1.24.

Institutional Investors Weigh In On Denison Mine

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Deutsche Bank AG bought a new stake in Denison Mine during the second quarter valued at approximately $5,096,000. Bank of America Corp DE raised its position in Denison Mine by 77.4% in the first quarter. Bank of America Corp DE now owns 1,743,780 shares of the basic materials company’s stock worth $6,156,000 after acquiring an additional 760,719 shares during the period. Goehring & Rozencwajg Associates LLC raised its position in Denison Mine by 19.4% in the first quarter. Goehring & Rozencwajg Associates LLC now owns 4,720,615 shares of the basic materials company’s stock worth $16,664,000 after acquiring an additional 767,863 shares during the period. Temasek Holdings Private Ltd purchased a new position in shares of Denison Mine during the 1st quarter worth $13,163,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Denison Mine during the 2nd quarter worth $16,541,000. Hedge funds and other institutional investors own 36.74% of the company’s stock.

About Denison Mine

Denison Mines Corp. is a Canadian uranium exploration and development company focused on advancing uranium projects and acquiring interests in uranium-producing assets. Its activities are concentrated primarily in the Athabasca Basin of northern Saskatchewan, Canada, one of the world’s leading uranium-producing regions.

The company’s principal development asset is the Wheeler River project, which includes the Phoenix in-situ recovery uranium project and the Gryphon underground project.