Denison Mines' (DNN) "Buy" Rating Reaffirmed at Roth Mkm

Roth Mkm reaffirmed their buy rating on shares of Denison Mines (NYSEAMERICAN:DNN - Free Report) TSE: DML in a research note issued to investors on Wednesday, Benzinga reports. Roth Mkm currently has a $2.75 price target on the basic materials company's stock, up from their prior price target of $2.60.

DNN has been the subject of several other reports. National Bank Financial raised shares of Denison Mines to a "strong-buy" rating in a report on Tuesday, September 3rd. Scotiabank raised shares of Denison Mines to a "strong-buy" rating in a report on Tuesday, July 2nd. StockNews.com raised shares of Denison Mines to a "sell" rating in a report on Wednesday, July 31st. Roth Capital raised shares of Denison Mines to a "strong-buy" rating in a report on Thursday, June 27th. Finally, CIBC assumed coverage on shares of Denison Mines in a report on Thursday, September 26th. They issued a "sector outperform" rating and a $3.25 price target for the company. One analyst has rated the stock with a sell rating, three have issued a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $3.00.

Denison Mines Stock Down 5.7 %

NYSEAMERICAN DNN traded down $0.13 on Wednesday, hitting $2.16. 22,115,752 shares of the company's stock traded hands, compared to its average volume of 16,366,468. Denison Mines has a 1-year low of $1.40 and a 1-year high of $2.47. The stock's 50-day moving average price is $1.99. The firm has a market cap of $1.93 billion, a price-to-earnings ratio of 36.00 and a beta of 1.71.

Denison Mines (NYSEAMERICAN:DNN - Get Free Report) TSE: DML last announced its quarterly earnings data on Thursday, August 8th. The basic materials company reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). Denison Mines had a net margin of 950.42% and a return on equity of 9.45%. The business had revenue of $0.97 million during the quarter, compared to analysts' expectations of $0.80 million. As a group, equities research analysts forecast that Denison Mines will post -0.06 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Hood River Capital Management LLC lifted its position in Denison Mines by 9.2% in the second 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 buying an additional 2,138,603 shares during the last quarter. Point72 Asset Management L.P. lifted its position in Denison Mines by 0.5% in the second quarter. Point72 Asset Management L.P. now owns 10,135,800 shares of the basic materials company's stock valued at $20,170,000 after buying an additional 46,000 shares during the last quarter. Van ECK Associates Corp lifted its position in Denison Mines by 39.9% in the second quarter. Van ECK Associates Corp now owns 7,405,225 shares of the basic materials company's stock valued at $14,748,000 after buying an additional 2,111,912 shares during the last quarter. Vident Advisory LLC lifted its position in Denison Mines by 15.0% in the first quarter. Vident Advisory LLC now owns 6,764,463 shares of the basic materials company's stock valued at $13,191,000 after buying an additional 884,599 shares during the last quarter. Finally, Lloyd Harbor Capital Management LLC lifted its position in Denison Mines by 168.5% in the second quarter. Lloyd Harbor Capital Management LLC now owns 6,175,016 shares of the basic materials company's stock valued at $12,288,000 after buying an additional 3,875,016 shares during the last quarter. Institutional investors and hedge funds own 36.74% of the company's stock.

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.