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

Shares of Denison Mines Corp. (NYSEAMERICAN:DNN - Get Free Report) TSE: DML have been assigned a consensus recommendation of "Buy" from the seven analysts that are currently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $3.00.

Separately, Scotiabank reaffirmed an "outperform" rating on shares of Denison Mines in a report on Tuesday, March 25th.

Institutional Investors Weigh In On Denison Mines

A number of hedge funds have recently modified their holdings of the company. Polar Asset Management Partners Inc. acquired a new position in shares of Denison Mines in the 4th quarter worth approximately $1,939,000. Mackenzie Financial Corp increased its stake in Denison Mines by 3.9% during the 4th quarter. Mackenzie Financial Corp now owns 450,247 shares of the basic materials company's stock worth $817,000 after buying an additional 17,087 shares during the period. Two Sigma Investments LP lifted its holdings in Denison Mines by 2.9% during the 4th quarter. Two Sigma Investments LP now owns 586,371 shares of the basic materials company's stock worth $1,055,000 after buying an additional 16,310 shares in the last quarter. Point72 Asset Management L.P. grew its stake in shares of Denison Mines by 5.8% in the fourth quarter. Point72 Asset Management L.P. now owns 10,165,800 shares of the basic materials company's stock worth $18,298,000 after acquiring an additional 558,200 shares in the last quarter. Finally, Millennium Management LLC increased its position in shares of Denison Mines by 393.3% during the fourth quarter. Millennium Management LLC now owns 5,122,978 shares of the basic materials company's stock worth $9,221,000 after acquiring an additional 4,084,401 shares during the period. Hedge funds and other institutional investors own 36.74% of the company's stock.

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Denison Mines Trading Up 2.7 %

Shares of DNN stock traded up $0.04 during trading hours on Friday, reaching $1.34. 43,978,700 shares of the stock were exchanged, compared to its average volume of 26,104,648. Denison Mines has a 12-month low of $1.27 and a 12-month high of $2.47. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of -133.50 and a beta of 1.75. The company's 50-day moving average price is $1.65 and its 200-day moving average price is $1.90.

Denison Mines Company Profile

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.