Analysts Set Denison Mines Corp. (NYSEAMERICAN:DNN) Target Price at $3.00

Shares of Denison Mines Corp. (NYSEAMERICAN:DNN - Get Free Report) TSE: DML have been given a consensus rating of "Strong Buy" by the seven brokerages that are currently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a buy rating and four have issued a strong buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $3.00.

A number of research analysts have commented on DNN shares. CIBC initiated coverage on Denison Mines in a research report on Thursday, September 26th. They set a "sector outperform" rating and a $3.25 price target for the company. Roth Mkm restated a "buy" rating and set a $2.75 target price (up previously from $2.60) on shares of Denison Mines in a report on Wednesday, October 23rd. Cibc World Mkts upgraded shares of Denison Mines to a "strong-buy" rating in a report on Thursday, September 26th. Finally, BMO Capital Markets upgraded shares of Denison Mines from a "market perform" rating to an "outperform" rating in a report on Wednesday, September 25th.

Denison Mines Trading Down 0.5 %

Denison Mines stock traded down $0.01 during mid-day trading on Wednesday, hitting $1.96. The company's stock had a trading volume of 36,492,886 shares, compared to its average volume of 31,902,693. The business has a 50 day moving average of $2.00. Denison Mines has a 12 month low of $1.40 and a 12 month high of $2.47. The stock has a market cap of $1.75 billion, a PE ratio of -196.00 and a beta of 1.71.

Institutional Investors Weigh In On Denison Mines

Large investors have recently added to or reduced their stakes in the stock. Segra Capital Management LLC increased its holdings in Denison Mines by 124.8% during the third quarter. Segra Capital Management LLC now owns 18,268,562 shares of the basic materials company's stock valued at $33,431,000 after buying an additional 10,140,540 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of Denison Mines by 96.8% in the 3rd quarter. Van ECK Associates Corp now owns 14,574,159 shares of the basic materials company's stock worth $26,671,000 after purchasing an additional 7,168,934 shares in the last quarter. Lloyd Harbor Capital Management LLC raised its holdings in Denison Mines by 168.5% in the 2nd quarter. Lloyd Harbor Capital Management LLC now owns 6,175,016 shares of the basic materials company's stock worth $12,288,000 after purchasing an additional 3,875,016 shares during the period. The Manufacturers Life Insurance Company lifted its position in Denison Mines by 499.0% during the third quarter. The Manufacturers Life Insurance Company now owns 4,127,950 shares of the basic materials company's stock valued at $7,514,000 after purchasing an additional 3,438,790 shares in the last quarter. Finally, Hood River Capital Management LLC grew its stake in shares of Denison Mines by 9.2% during the 2nd quarter. Hood River Capital Management LLC now owns 25,263,766 shares of the basic materials company's stock valued at $50,275,000 after acquiring an additional 2,138,603 shares during the period. Institutional investors own 36.74% of the company's stock.

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.