Denison Mine Corp (NYSEAMERICAN:DNN) Stock Has Consensus Price Target of $5.38

Shares of Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) have earned an average recommendation of “Moderate Buy” from the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation and six have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $5.38.

DNN has been the subject of a number of recent analyst reports. Jefferies Financial Group assumed coverage on Denison Mine in a research note on Thursday, September 3rd. They issued a “buy” rating for the company. Zacks Research cut Denison Mine from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 15th. Finally, Royal Bank Of Canada initiated coverage on Denison Mine in a report on Monday, July 13th. They issued an “outperform” rating for the company.

Institutional Investors Weigh In On Denison Mine

Several large investors have recently added to or reduced their stakes in DNN. Chicago Partners Investment Group LLC grew its holdings in shares of Denison Mine by 19.5% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 477,215 shares of the basic materials company’s stock valued at $1,036,000 after purchasing an additional 77,745 shares during the last quarter. Kelleher Financial Advisors bought a new position in Denison Mine during the 3rd quarter valued at approximately $31,000. Heathbridge Capital Management Ltd. purchased a new stake in Denison Mine in the third quarter worth $259,000. Wright Wealth LLC bought a new stake in Denison Mine in the third quarter valued at $517,000. Finally, Accordant Advisory Group Inc bought a new stake in Denison Mine in the third quarter valued at $1,408,000. Institutional investors own 36.74% of the company’s stock.

Denison Mine Stock Performance

Shares of DNN stock opened at $2.21 on Monday. Denison Mine has a fifty-two week low of $2.10 and a fifty-two week high of $4.43. The company has a debt-to-equity ratio of 2.38, a quick ratio of 9.14 and a current ratio of 9.41. The company has a market cap of $2.00 billion, a P/E ratio of -10.05 and a beta of 1.36. The stock has a 50 day simple moving average of $2.78 and a two-hundred day simple moving average of $3.32.

About Denison Mine

Denison Mines Corp. is a uranium exploration, development and production-stage company focused primarily on projects in Canada’s Athabasca Basin in northern Saskatchewan. The region is known for its high-grade uranium deposits. Denison’s activities include mineral exploration, project evaluation, mine development and interests in uranium production assets.

The company’s principal development asset is the Wheeler River project, which includes the Phoenix and Gryphon uranium deposits. Denison has advanced Phoenix as an in-situ recovery project and continues to evaluate development plans for its uranium resources.