Denison Mines Corp. (NYSEAMERICAN:DNN) Receives $3.00 Consensus Target Price from Brokerages

Shares of Denison Mines Corp. (NYSEAMERICAN:DNN - Get Free Report) TSE: DML have earned a consensus rating of "Strong Buy" from the seven analysts that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a buy recommendation and four have assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $3.00.

A number of research firms recently issued reports on DNN. BMO Capital Markets raised shares of Denison Mines from a "market perform" rating to an "outperform" rating in a research note on Wednesday, September 25th. Cibc World Mkts raised shares of Denison Mines to a "strong-buy" rating in a report on Thursday, September 26th. CIBC started coverage on Denison Mines in a research note on Thursday, September 26th. They set a "sector outperform" rating and a $3.25 price objective on the stock. National Bank Financial upgraded Denison Mines to a "strong-buy" rating in a research report on Tuesday, September 3rd. Finally, Roth Mkm reiterated a "buy" rating and issued a $2.75 target price (up previously from $2.60) on shares of Denison Mines in a report on Wednesday, October 23rd.

Hedge Funds Weigh In On Denison Mines

A number of large investors have recently bought and sold shares of the business. Integrated Investment Consultants LLC bought a new stake in shares of Denison Mines in the 3rd quarter valued at about $27,000. RPS Advisory Solutions LLC purchased a new position in Denison Mines in the second quarter worth $46,000. Legacy Capital Group California Inc. increased its position in shares of Denison Mines by 131.7% during the second quarter. Legacy Capital Group California Inc. now owns 23,306 shares of the basic materials company's stock worth $46,000 after purchasing an additional 13,248 shares in the last quarter. Toronto Dominion Bank lifted its holdings in shares of Denison Mines by 39.4% during the 2nd quarter. Toronto Dominion Bank now owns 23,969 shares of the basic materials company's stock valued at $48,000 after purchasing an additional 6,777 shares during the last quarter. Finally, Continuum Advisory LLC boosted its position in shares of Denison Mines by 78.5% in the 3rd quarter. Continuum Advisory LLC now owns 33,407 shares of the basic materials company's stock worth $61,000 after purchasing an additional 14,688 shares in the last quarter. Institutional investors own 36.74% of the company's stock.

Denison Mines Stock Performance

DNN traded down $0.07 during trading on Friday, hitting $2.08. 12,740,364 shares of the company traded hands, compared to its average volume of 17,101,740. The company has a market cap of $1.86 billion, a P/E ratio of -208.00 and a beta of 1.71. The stock has a 50-day moving average price of $2.02. Denison Mines has a 1 year low of $1.40 and a 1 year high of $2.47.

About Denison Mines

Denison Mines Corp. engages in the acquisition, exploration, and development of uranium bearing properties in Canada. Its flagship project is the Wheeler River uranium project covering an area of approximately 300,000 hectares located in the Athabasca Basin region in northern Saskatchewan. The company was formerly known as International Uranium Corporation and changed its name to Denison Mines Corp.