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

Shares of Denison Mines Corp. (NYSEAMERICAN:DNN - Get Free Report) TSE: DML have been given an average recommendation of "Strong Buy" by the seven analysts that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a buy rating and four have assigned a strong buy rating to 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 analysts recently commented on DNN shares. Cibc World Mkts raised shares of Denison Mines to a "strong-buy" rating in a report on Thursday, September 26th. Roth Mkm reissued a "buy" rating and set a $2.75 price target (up previously from $2.60) on shares of Denison Mines in a research note on Wednesday. Roth Capital upgraded Denison Mines to a "strong-buy" rating in a report on Thursday, June 27th. StockNews.com raised Denison Mines to a "sell" rating in a report on Wednesday, July 31st. Finally, BMO Capital Markets raised Denison Mines from a "market perform" rating to an "outperform" rating in a report on Wednesday, September 25th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DNN. Headlands Technologies LLC purchased a new stake in Denison Mines during the first quarter worth approximately $51,000. Van ECK Associates Corp boosted its position in Denison Mines by 22.2% during the 1st quarter. Van ECK Associates Corp now owns 5,293,313 shares of the basic materials company's stock worth $10,327,000 after purchasing an additional 960,585 shares during the period. Natixis increased its holdings in Denison Mines by 270.5% in the 1st quarter. Natixis now owns 445,808 shares of the basic materials company's stock valued at $869,000 after purchasing an additional 325,472 shares in the last quarter. Cetera Investment Advisers purchased a new position in Denison Mines in the first quarter valued at about $1,758,000. Finally, Sumitomo Mitsui Trust Holdings Inc. acquired a new position in shares of Denison Mines during the first quarter worth about $366,000. Institutional investors and hedge funds own 36.74% of the company's stock.

Denison Mines Stock Performance

Shares of DNN stock traded down $0.02 during midday trading on Friday, hitting $2.18. The company had a trading volume of 13,827,364 shares, compared to its average volume of 16,360,344. Denison Mines has a 52-week low of $1.40 and a 52-week high of $2.47. The stock has a 50 day simple moving average of $1.99. The firm has a market capitalization of $1.95 billion, a PE ratio of 36.33 and a beta of 1.71.

Denison Mines (NYSEAMERICAN:DNN - Get Free Report) TSE: DML last issued its quarterly earnings results on Thursday, August 8th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.01). The business had revenue of $0.97 million for the quarter, compared to analyst estimates of $0.80 million. Denison Mines had a net margin of 950.42% and a return on equity of 9.45%. Analysts forecast that Denison Mines will post -0.06 EPS for the current fiscal year.

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.