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

Shares of Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) have been assigned a consensus recommendation of “Buy” from the six ratings firms that are currently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $5.3750.

Several research analysts have commented on the stock. Zacks Research upgraded shares of Denison Mine from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 11th. Roth Mkm reaffirmed a “buy” rating and issued a $4.25 target price on shares of Denison Mine in a report on Wednesday, February 18th. TD Securities lifted their price target on Denison Mine from $6.00 to $6.50 and gave the company a “buy” rating in a research note on Thursday, March 12th. Scotiabank reissued an “outperform” rating on shares of Denison Mine in a report on Friday, February 20th. Finally, Raymond James Financial restated an “outperform” rating on shares of Denison Mine in a research report on Wednesday, January 14th.

Denison Mine Price Performance

DNN stock opened at $3.33 on Friday. The company’s 50-day moving average price is $3.86 and its two-hundred day moving average price is $3.12. The firm has a market cap of $3.01 billion, a P/E ratio of -19.59 and a beta of 1.18. The company has a quick ratio of 10.51, a current ratio of 10.75 and a debt-to-equity ratio of 1.66. Denison Mine has a 12 month low of $1.08 and a 12 month high of $4.43.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. World Investment Advisors boosted its stake in shares of Denison Mine by 111.1% in the 4th quarter. World Investment Advisors now owns 21,110 shares of the basic materials company’s stock valued at $56,000 after purchasing an additional 11,110 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its position in Denison Mine by 79.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 16,278 shares of the basic materials company’s stock worth $43,000 after purchasing an additional 7,202 shares in the last quarter. Invesco Ltd. bought a new position in Denison Mine in the 4th quarter valued at approximately $27,000. Axxcess Wealth Management LLC bought a new position in Denison Mine in the 4th quarter valued at approximately $40,000. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in Denison Mine in the fourth quarter valued at approximately $37,000. Institutional investors own 36.74% of the company’s stock.

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.