Denison Mine Corp (NYSEAMERICAN:DNN) Given Average Rating of “Buy” by Brokerages

Shares of Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) have been assigned an average rating of “Buy” from the five ratings firms that are covering the company, Marketbeat reports. Five analysts have rated the stock with a buy recommendation.

Several equities analysts recently weighed in on the company. Raymond James Financial reiterated an “outperform” rating on shares of Denison Mine in a research report on Wednesday, January 14th. Roth Mkm reaffirmed a “buy” rating and issued a $4.25 price objective on shares of Denison Mine in a research note on Wednesday.

Hedge Funds Weigh In On Denison Mine

Hedge funds have recently modified their holdings of the company. WealthShield Partners LLC lifted its stake in Denison Mine by 28.0% in the 4th quarter. WealthShield Partners LLC now owns 16,000 shares of the basic materials company’s stock worth $43,000 after purchasing an additional 3,500 shares in the last quarter. Park Avenue Securities LLC increased its holdings in shares of Denison Mine by 26.1% in the fourth quarter. Park Avenue Securities LLC now owns 17,068 shares of the basic materials company’s stock worth $45,000 after purchasing an additional 3,533 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in shares of Denison Mine by 42.4% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 12,920 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 3,844 shares during the last quarter. Jones Financial Companies Lllp lifted its position in shares of Denison Mine by 65.6% in the third quarter. Jones Financial Companies Lllp now owns 11,515 shares of the basic materials company’s stock worth $32,000 after buying an additional 4,563 shares in the last quarter. Finally, Financial Sense Advisors Inc. boosted its stake in Denison Mine by 36.3% during the fourth quarter. Financial Sense Advisors Inc. now owns 18,786 shares of the basic materials company’s stock valued at $50,000 after buying an additional 5,000 shares during the last quarter. 36.74% of the stock is currently owned by institutional investors.

Denison Mine Stock Performance

Shares of Denison Mine stock traded up $0.15 on Wednesday, hitting $3.96. 8,087,841 shares of the company’s stock were exchanged, compared to its average volume of 52,393,805. Denison Mine has a 1 year low of $1.08 and a 1 year high of $4.43. The company has a 50-day simple moving average of $3.34 and a 200-day simple moving average of $2.83. The company has a debt-to-equity ratio of 1.49, a quick ratio of 11.78 and a current ratio of 11.97. The stock has a market capitalization of $3.57 billion, a PE ratio of -26.43 and a beta of 1.26.

About Denison Mine

Denison Mines Corp. (NYSEAMERICAN:DNN) is a Canada-based uranium exploration and development company focused on the Athabasca Basin region of Saskatchewan. The company’s core business is the discovery, evaluation and advancement of high-grade uranium projects that can supply fuel for the global nuclear power industry.

Denison’s flagship asset is the 66.9%-owned Wheeler River Project, one of the largest undeveloped high-grade uranium deposits in the Athabasca Basin. In addition to Wheeler River, Denison holds interests in several other exploration properties across northern Saskatchewan and maintains a strategic partnership in the McClean Lake uranium mill, providing it with downstream processing capabilities for future production.

Founded in 1974, Denison Mines has accumulated decades of geological expertise in one of the world’s most prolific uranium districts.