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

Denison Mines Corp. (NYSEAMERICAN:DNN - Get Free Report) TSE: DML has been assigned a consensus rating of "Strong Buy" from the seven research firms that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a buy rating and four have issued a strong buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $3.00.

Several equities research analysts have issued reports on DNN shares. BMO Capital Markets raised shares of Denison Mines from a "market perform" rating to an "outperform" rating in a report on Wednesday, September 25th. CIBC started coverage on Denison Mines in a research note on Thursday, September 26th. They issued a "sector outperform" rating and a $3.25 price target for the company. StockNews.com raised Denison Mines to a "sell" rating in a research note on Wednesday, July 31st. Roth Mkm reissued a "buy" rating and issued a $2.75 price objective (up previously from $2.60) on shares of Denison Mines in a report on Wednesday, October 23rd. Finally, Cibc World Mkts upgraded Denison Mines to a "strong-buy" rating in a research report on Thursday, September 26th.

Institutional Trading of Denison Mines

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Integrated Investment Consultants LLC purchased a new position in shares of Denison Mines in the 3rd quarter valued at about $27,000. RPS Advisory Solutions LLC purchased a new stake in shares of Denison Mines during the 2nd quarter valued at approximately $46,000. Legacy Capital Group California Inc. raised its position in Denison Mines by 131.7% in the second quarter. Legacy Capital Group California Inc. now owns 23,306 shares of the basic materials company's stock valued at $46,000 after purchasing an additional 13,248 shares during the period. Toronto Dominion Bank increased its position in shares of Denison Mines by 39.4% during the second quarter. Toronto Dominion Bank now owns 23,969 shares of the basic materials company's stock worth $48,000 after acquiring an additional 6,777 shares during the period. Finally, Continuum Advisory LLC grew its stake in shares of Denison Mines by 78.5% during the third 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 Price Performance

Shares of Denison Mines stock traded up $0.10 during trading on Tuesday, hitting $2.37. The stock had a trading volume of 32,059,797 shares, compared to its average volume of 16,770,438. The stock's 50 day simple moving average is $1.99. Denison Mines has a 1 year low of $1.40 and a 1 year high of $2.47.

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.