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

Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) has received a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $5.3750.

A number of research analysts have commented on DNN shares. Scotiabank reaffirmed an “outperform” rating on shares of Denison Mine in a research report on Thursday, May 14th. Roth Mkm reiterated a “buy” rating and issued a $4.25 price objective on shares of Denison Mine in a research report on Wednesday, February 18th. TD Securities boosted their target price on Denison Mine from $6.00 to $6.50 and gave the company a “buy” rating in a research note on Thursday, March 12th. Finally, Zacks Research downgraded Denison Mine from a “strong-buy” rating to a “hold” rating in a report on Friday, May 15th.

Denison Mine Stock Performance

Shares of NYSEAMERICAN:DNN opened at $3.41 on Friday. The company has a current ratio of 13.77, a quick ratio of 13.46 and a debt-to-equity ratio of 2.81. The company has a 50-day moving average price of $3.59 and a 200-day moving average price of $3.40. The company has a market cap of $3.08 billion, a price-to-earnings ratio of -14.83 and a beta of 1.23. Denison Mine has a 12 month low of $1.51 and a 12 month high of $4.43.

Institutional Investors Weigh In On Denison Mine

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

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.