Denison Mines Corp. (NYSEAMERICAN:DNN - Get Free Report) TSE: DML shares gapped up before the market opened on Thursday . The stock had previously closed at $1.80, but opened at $1.86. Denison Mines shares last traded at $1.98, with a volume of 5,427,588 shares trading hands.
Wall Street Analyst Weigh In
Several equities analysts recently commented on 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 research report on Wednesday, October 23rd. CIBC started coverage on shares of Denison Mines in a research report on Thursday, September 26th. They issued a "sector outperform" rating and a $3.25 price target on the stock. Cibc World Mkts upgraded Denison Mines to a "strong-buy" rating in a research report on Thursday, September 26th. Finally, BMO Capital Markets upgraded Denison Mines from a "market perform" rating to an "outperform" rating in a research report on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, three have given a buy rating and four have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Denison Mines currently has an average rating of "Buy" and an average target price of $3.00.
Check Out Our Latest Research Report on Denison Mines
Denison Mines Stock Up 15.6 %
The company has a market cap of $1.86 billion, a P/E ratio of -208.00 and a beta of 1.71. The firm has a 50-day moving average price of $2.01.
Hedge Funds Weigh In On Denison Mines
Several institutional investors have recently modified their holdings of the business. Integrated Investment Consultants LLC bought a new stake in Denison Mines in the 3rd quarter valued at $27,000. Toronto Dominion Bank raised its stake in shares of Denison Mines by 39.4% in 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 period. Continuum Advisory LLC lifted its holdings in shares of Denison Mines by 78.5% in the third quarter. Continuum Advisory LLC now owns 33,407 shares of the basic materials company's stock valued at $61,000 after purchasing an additional 14,688 shares in the last quarter. Legacy Capital Group California Inc. boosted its position in shares of Denison Mines by 47.5% during the third quarter. Legacy Capital Group California Inc. now owns 34,372 shares of the basic materials company's stock worth $63,000 after buying an additional 11,066 shares during the period. Finally, SevenBridge Financial Group LLC grew its holdings in shares of Denison Mines by 54.2% during the third quarter. SevenBridge Financial Group LLC now owns 37,000 shares of the basic materials company's stock worth $68,000 after buying an additional 13,000 shares in the last quarter. Institutional investors own 36.74% of the company's stock.
Denison Mines Company Profile
(
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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.
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