Denison Mine Corp (NYSEAMERICAN:DNN) Given Average Rating of “Buy” by Analysts

Shares of Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) have received an average recommendation of “Buy” from the five research firms that are currently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy rating. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $4.25.

DNN has been the subject of a number of recent research reports. Raymond James Financial reiterated an “outperform” rating on shares of Denison Mine in a research note on Wednesday, January 14th. Roth Mkm reaffirmed a “buy” rating and set a $4.25 target price on shares of Denison Mine in a report on Wednesday, February 18th. Finally, Scotiabank reissued an “outperform” rating on shares of Denison Mine in a report on Friday.

Denison Mine Stock Performance

DNN opened at $4.30 on Wednesday. The company has a current ratio of 11.97, a quick ratio of 11.78 and a debt-to-equity ratio of 1.49. Denison Mine has a 12-month low of $1.08 and a 12-month high of $4.43. The firm has a 50 day moving average of $3.49 and a two-hundred day moving average of $2.90. The firm has a market capitalization of $3.88 billion, a PE ratio of -28.67 and a beta of 1.26.

Institutional Trading of Denison Mine

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Invesco Ltd. acquired a new position in shares of Denison Mine in the fourth quarter worth about $27,000. Axxcess Wealth Management LLC acquired a new position in Denison Mine in the 4th quarter worth about $40,000. Mercer Global Advisors Inc. ADV purchased a new position in Denison Mine during the fourth quarter worth approximately $37,000. Wealthspire Retirement LLC boosted its position in Denison Mine by 9.0% during the fourth quarter. Wealthspire Retirement LLC now owns 90,500 shares of the basic materials company’s stock worth $241,000 after purchasing an additional 7,500 shares in the last quarter. Finally, First Citizens Bank & Trust Co. acquired a new stake in Denison Mine in the fourth quarter valued at approximately $27,000. Institutional investors and hedge funds own 36.74% of the company’s stock.

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.